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Package of handouts to Saudi Arabian citizens to cost govt about $13 bn

Saudi authorities had already announced plans to push the timeline for balancing the budget to 2023

Sarah Dadouch | Reuters  |  Riyadh 

A package of handouts to Saudi Arabian citizens to compensate them for cost of living increases will cost the government about 50 billion riyals ($13.3 billion) this year, the information minister was quoted as saying on Sunday. "The allocation of 50 billion riyals for this decree indicates the leadership's concern for the people's comfort and quality of living," Minister of Culture and Information Awwad bin Saleh Alawwad told the Saudi-owned Al Sharq Al Awsat newspaper. On Saturday, King Salman ordered a monthly payment of 1,000 riyals to state employees over ...

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First Published: Mon, January 08 2018. 02:36 IST
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