May 12, 2020 16:01 Asia/Tehran [Updated: Aug 31, 2020 21:38 Asia/Tehran]
  • People dissatisfied with Saudi austerity measures

The Saudi government's austerity plan to deal with the financial crisis it faces has led to dissatisfaction and concern among Saudi citizens.

Iran PressMiddle East: The Saudi Minister of Economy announced on Monday that due to countering the Coronavirus outbreak, as of the July 1s, the value-added tax will increase from 5 percent to 15 percent and subsidies are cut off.

Declaring their dissatisfaction with the austerity measures, Saudi citizens and activists warned about the occurrence of a serious catastrophe among a major part of people in the country.

The Saudi government announced last week that it would reduce the salaries of private-sector employees in Saudi Arabia by 40 percent to cope with the difficult conditions created by the Coronavirus outbreak and the intensification of the economic crisis in Saudi Arabia. 205/207

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