Saudi King orders massive $29.3 billion spending
Saudi Arabia’s King Salman is seen during U.S. President Barack Obama’s visit to Erga Palace in Riyadh Jan. 27, 2015. (Reuters)
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.
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Source News: Alarabiya
