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Saudi Cuts Ministers’ Salaries By 20 Per Cent - Foreign Affairs - Nairaland

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Saudi Cuts Ministers’ Salaries By 20 Per Cent by Anasko(m): 9:19pm On Sep 26, 2016
Saudi Arabia’s King Salman on Monday cut cabinet ministers’ salaries by 20 percent and reduced other state officials’ benefits in a continuing austerity drive to cope with lower oil revenues.
The 160 members of the Shura Council, who include 30 women, will see a 15 percent drop in their annual allowances for housing, furniture and cars, a royal decree said.
Council members are appointed by the king to advise cabinet.
The decrees which announced the measures did not say how much money would be saved.
Since 2014 global oil prices have collapsed by more than half, leaving Saudi Arabia with a record deficit last year.
The fall in the kingdom’s main revenue source led to unprecedented subsidy cuts and curbs on government spending.
In April this year the king’s son, Deputy Crown Prince Mohammed bin Salman, announced the wide-ranging Vision 2030 plan to diversify the economy.
The effort also seeks a streamlined, more accountable administration.
Monday’s decrees ordered the government to “stop providing cars for senior state officials”. Telephone expenditure will also be curbed.
But front-line soldiers on the southern border with Yemen will be exempt from a ruling not to grant the military an annual bonus.
AFP

http://punchng.com/saudi-cuts-ministers-salaries-20-per-cent/

Re: Saudi Cuts Ministers’ Salaries By 20 Per Cent by pedel: 9:29pm On Sep 26, 2016
I hope Nigeria will thread this same path. No, they wont. We are the giANT of Africa.
The politicians collecting hardship allowance, when they live in convenience and oppulence.
Sell all the planes in the presidential fleet and let the president fly Arik; no they wont.
We dont need two NASSes. Scrap the House of Representative and make Senate part time. No, they wont.
Let each region generate money from their natural and human resources. No, We cant do that...

"When God want to punish a nation, he gives them bad leaders"
Re: Saudi Cuts Ministers’ Salaries By 20 Per Cent by Standing5(m): 9:36pm On Sep 26, 2016
Our own islamist will rather have 40 drivers on payroll of a LGA Council with one car.

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Re: Saudi Cuts Ministers’ Salaries By 20 Per Cent by walemoney007(m): 10:53pm On Sep 26, 2016
pedel:
I hope Nigeria will thread this same path. No, they wont. We are the giANT of Africa.
The politicians collecting hardship allowance, when they live in convenience and oppulence.
Sell all the planes in the presidential fleet and let the president fly Arik; no they wont.
We dont need two NASSes. Scrap the House of Representative and make Senate part time. No, they wont.
Let each region generate money from their natural and human resources. No, We cant do that...

"When God want to punish a nation, he gives them bad leaders"
Nigeria issue don tire person,,I don't know or understand why we need the house of representatives.

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