World Reduced Oil Revenue: Saudi Slashes Ministers Salaries by 20%

[LequteMan]

The Saudi Arabian government has slashed the salaries of its ministers by 20 percent following the continued crash in the price of crude oil.

In addition to this, the annual housing, furniture, etc allowances of 160 members of the Shura Council, who include 30 women, will be slashed by 15 percent drop, according to a royal decree.

Council members are appointed by the king to advise cabinet.

The decrees however did not say how much money would be saved by the action.

Since 2014 global oil prices have collapsed by more than half, leaving Saudi Arabia with a record deficit last year.

The fall in the kingdom’s main revenue source has led to unprecedented subsidy cuts and curbs on government spending.

 

[muftah]

Just see, a lot of countries are facing the crash of crude oil. And no one blames their leader because he or they aren't the world market, but Nigerians are trying to swallow their leader as if he controls the world. And the most interesting part here is cutting off there minister's salaries unlike Nigerians which even a president can't cut off the senates salaries unless they agree or approve, otherwise he gonna face the consequences

 

[LequteMan]

@muftah that is the gospel truth sir

 

[Wakanda]

Just see, a lot of countries are facing the crash of crude oil. And no one blames their leader because he or they aren't the world market, but Nigerians are trying to swallow their leader as if he controls the world. And the most interesting part here is cutting off there minister's salaries unlike Nigerians which even a president can't cut off the senates salaries unless they agree or approve, otherwise he gonna face the consequences

Are you saying we shouldnt swallow our leader even when things are so bad

 

[muftah]

I mean he shouldn't be the one to be blamed at all time, especially when all Nigerians know he is still putting more effort