Saudi cuts ministers’ salaries amid oil price drop

PanARMENIAN.Net – The Kingdom of Saudi Arabia is trying to significantly cut costs at a time of cheaper crude oil. In one of the most drastic measures to date, Riyadh has slashed ministers’ salaries by 20 percent and abolished public sector perks, according to RT.

“The cabinet has decided to stop and cancel some bonuses and financial benefits,” reported the state TV channel Ekhbariya. Government employees make up two-thirds of working Saudis.

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