कोशिश गोल्ड - मुक्त
Saudi Prince Counts On Support Of Citizens
Bloomberg Businessweek Middle East
|January 16, 2018
State-worker salary increases appeal to the people, but policy may throw the budget off track
Saudi Crown Prince Mohammed bin Salman’s decision to award pay rises to government workers and soldiers suggests he’s relying on the backing of ordinary citizens rather than traditional pillars of support as he consolidates power.
It took less than a week of Saudis complaining on social media and TV for authorities to announce they’d plow billions of riyals into people’s pockets to help offset government-initiated price increases. That sidestepped a mainstay of the prince’s plan to revamp the economy in part by weaning citizens off government largesse, indicating that consistency in fiscal policy isn’t his top priority right now.
During his swift rise to power, the kingdom’s 32-year-old de facto leader has swept aside rivals, arrested senior royals and billionaires — including 11 princes detained on January 4 — and defied the ultra-conservative religious establishment by letting women drive. That’s left him reliant on those Saudis eager for social change but struggling with austerity measures needed to achieve his vision of turning Saudi Arabia into a global investment hub no longer reliant on oil.
यह कहानी Bloomberg Businessweek Middle East के January 16, 2018 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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