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Saudi Arabia Slashes Ministers' Pay, Cuts Public Sector Bonuses

Saudi Arabia will cut ministers' salaries by 20 percent and scale back financial perks for public sector employees, according to a Cabinet statement and royal decree broadcast on state-run Ekhbariya TV on Monday. It was the first announcement of pay cuts for government employees, who make up about two-thirds of working Saudis. "The Cabinet has decided to stop and cancel some bonuses and financial benefits," read a line of text on Ekhbariya, as a minister read to assembled...

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