“The royal order returns all allowances, financial benefits, and bonuses to civil servants and military staff,” said the decree, broadcast on state-run Ekhbariya TV.
In September Saudi Arabia cut ministers’ salaries by 20 percent and scaled back financial perks for public sector employees in one of the energy-rich kingdom’s most drastic measures to save money at a time of low oil prices.
The measures were the first pay cuts for government employees, who make up about two-thirds of working Saudis.
The decree canceled those orders, saying they had come as a response to the sharp drop in the price of oil, the main source of state revenues.
Oil prices sank to a low of around $28 last January amid a two-year price slump. Since late 2016, however, prices have partially rebounded, with Brent crude LCOc1 now trading around $52 a barrel compared to last year’s average of $45.
Read the whole story from Reuters.
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