Saudi king orders new monthly payments to offset cost of living rise: state TV

Reuters News
Posted: Jan 05, 2018 5:40 PM

RIYADH (Reuters) - Saudi Arabia's King Salman ordered a monthly payment of 1,000 riyals ($267) to state employees over the next year in compensation for rising cost of living after the government hiked gas prices and introduced value-added tax (VAT).

In a royal decree published by state news media, the king also ordered the payment of 5,000 riyals to military personnel serving at the Yemen frontlines.

($1 = 3.7501 riyals)

(Reporting By Stephen Kalin; Editing by Chris Reese)