NOURNEWS - "Saudi Arabia's Crown Prince Mohammed bin Salman has said:" If non-oil revenues do not reach 360 billion rials by the end of the year, we will have to reduce the salaries of government employees by 30% and eliminate financial aid and bonuses completely. .
The Crown Prince of Saudi Arabia, in his speech on Thursday evening, while announcing the economic recession in this country, said; If Riyadh fails to increase non-oil revenues, it will have to cut public sector wages by more than 30 percent.
"According to what has been announced about the 2020 budget forecast, we have already talked about possible revenues, which were estimated at 833 billion rials, of which 513 billion were related to oil revenues," the Saudi Crown Prince said. After the fall in oil prices this year, oil revenues actually fell to 410 billion rials. These revenues alone are not enough to cover even the salary clause, which was estimated at 504 billion riyals in this year's budget, let alone the difficulty of financing other clauses; clauses that include 103 billion riyals of capital expenditures, 69 billion riyals of social benefits, 140 billion riyals for It can be set up and maintained. "It means a recession and the loss of millions of jobs."
The shock of the recession has gripped Bin Salman as Trump's defeat in next November's election has left him in a precarious position, as he knows full well that he will not be able to work with Biden with the previous model.
On the other hand; The Yemeni quagmire in which he and his other ally, Mohammed Benzayed, are trapped, still incurs huge costs at which none of its pre-determined goals have been met, and it is very difficult for it to retreat without any political achievement. Is.
The war against the oppressed nation of Yemen has reached a point where the director of the World Food Program has warned at a recent UN Security Council meeting about a "countdown to the Yemeni tragedy" and called on the UN Under-Secretary-General for Humanitarian Affairs to provide immediate assistance to Yemenis.
Bin Salman, who was intoxicated with power, relying on oil money and Trump's full support, wore the royal robe in advance, and is now in a state of turmoil that makes his dreams more elusive.
BY: Mohammad Ghaderi
NOURNEWS