RIYADH, Saudi Arabia | Saudi king extends allowances as living costs rise

18Dec - by Editor - 0 - In STL.News

RIYADH, Saudi Arabia  — Saudi Arabia‘s King Salman has extended monthly allowances for government employees, military personnel, pensioners, social security recipients and students into next year.

The announcement, carried by the Saudi Press Agency on Tuesday, comes on the same day the kingdom’s 2019 budget is scheduled to be unveiled. The government will also release its deficit for this year as lower oil prices squeeze its main source of revenue.

The royal decree extends a monthly payout of 1,000 Saudi riyals ($266) for civil servants and soldiers for another year.

Continue reading RIYADH, Saudi Arabia | Saudi king extends allowances as living costs rise at STL.News.

Source link