Saudi Ministers’ reduced salary levels revealed
Saudi ministers will see a drop in their salaries of 20 percent, while members of Shura council’s wages are to be 15 percent less
Saudi ministers will see a drop in their salaries of 20 percent, while members of Shura council’s wages are to be 15 percent less.
The move follows a royal decree and Cabinet statement released Monday, in which the Saudi government announced the suspension of wage increases.
During its meeting the Saudi cabinet also agreed to cancel the payment of bonuses, allowances, rewards and financial benefits.
According to statistics, a minister’s salary amounts to 51,750 Saudi Riyals (SAR) – that’s nearly $13,800. But with the wage cut this figure will be reduced to 41,400SAR ($11,034).
There are 143 Ministers, with a wage bill of 7.4 million SAR ($1.972mln) before the cut. The overall saving with the 20 percent cut is 5.9 million SAR ($1.572mln).
The Saudi Cabinet has also agreed to reduce the salary of members of the Shura council with the figure dropping from 26,450 SAR ($7,050) to 22,483 SAR ($5,993).
The 150 members of the Shura council accounted - before the cut – for a salary budget of 3.96 million SAR ($1.056mln). After the 15 percent cut, the total sum paid to members will be 3.37 million SAR ($8.98mln). The new salary levels will come into force in October.