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Saudi king announces $10.7 billion in spending on social benefits
Saudi Arabia's King Abdullah has announced a series of benefits for citizens amounting to $10.7 billion, mainly for pay raises, job creation and a loan forgiveness scheme.The steps, which include funding to offset high inflation and to aid young unemployed people and Saudi citizens studying abroad, come as the region scrambles to deal with pro-democracy uprisings sparked by youth unemployment and political repression.
No political reforms were announced as part of the package, though the 86-year-old monarch did pardon some prisoners indicted in financial crimes, according to reports.
1 comment:
When you consider all the riches that the King's family has cherished so far these benefits should have been introduced in the country a lot earlier.
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