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Saudi King orders inflation allowance to ease cost of living after new VAT

The King ordered an annual bonus for civil and military personnel for the current fiscal year to be paid effective from January 1, 2018

IANS  |  Riyadh 

Saudi
Saudi Arabia's King Salman bin Abdulaziz Al Saud Photo: Reuters

has ordered an allowance for citizens to ease the expected rise in the cost of living after the newly enforced Value Added Tax (VAT).

In a royal decree, issued on Friday night, the King ordered an annual bonus for civil and military personnel for the current fiscal year to be paid effective from January 1, 2018, Al Arabiya local news reported on Saturday.

The stated grants include payment of a monthly living allowance of $267 for civil and military employees for one year, and a reward of $1,333 for military personnel participating in the frontlines of military operations in the southern borders of the Kingdom.

In addition to pensions paid by the for beneficiaries, $133 will be granted for one year.

The order highlighted that the state shall bear the for citizens benefiting from and private education.

First Published: Sat, January 06 2018. 15:34 IST
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