Saudi Arabia unveils first public sector pay cuts
Saudi Arabia has unveiled pay cuts for government employees for the first time, as it attempts to further rein in spending at a time of low oil prices.
A royal decree said ministers' salaries would be reduced by 20%, and housing and car allowances for members of the advisory Shura Council cut by 15%.
Lower-ranking civil servants will see wage increases suspended, and overtime payments and annual leave capped.
About two-thirds of working Saudis are employed in the public sector.
Their salaries and allowances accounted for almost half of government spending in 2015, or about $120bn (£93bn),... read more
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