#SaudiKing orders massive $29.3 billion spending – Al Arabiya News

King Salman bin Abdulaziz has ordered a massive $29.3 billion (110 billion Saudi Riyals) spending in a series of decrees issued on Thursday, that include lavish payments of two months bonus salary to all Saudi state employees and a series of subsidies.

Former government employees will receive two months bonus pension, while students, people with special needs and people receiving welfare payments will also benefit from a bonus payment equivalent to two months of their annual income.

The King posted a statement later on Twitter in which he addressed his people saying: “You deserve more and whatever I do will never meet your right. I ask Allah to help me and you for the service of religion and the nations. Don’t forget me in your prayers.”

Included in the handouts was $5.3 billion (20 billion riyals) pledged in subsidies for electricity, water, and housing.

King Salman succeeded his brother, the late King Abdullah, who died after a short illness last week.

And in a commitment to the arts, King Salman pledged $267,000 for each art club in the kingdom.
Saudi King orders massive $29.3 billion spending – Al Arabiya News.

Advertisements

About angelajoya

Assistant Professor, Middle East Political Economy, at the University of Oregon. Currently writing on the Egyptian revolution and the Syrian crisis.
This entry was posted in Saudi Arabia. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s