Saudi king stamps his authority with staff shake-up - FT.com:
"King Salman, Saudi Arabia’s new monarch, has announced an overhaul of key security, political and economic officials at the same time as unveiling populist cash handouts as he seeks to stamp his authority on the kingdom.
A week after taking the throne, King Salman announced investment projects including utilities investment worth SAR20bn ($5.3bn), and granted state employees a two-months’ salary bonus, among other benefits, the official Saudi news agency reported late on Thursday.
The IMF has urged Saudi Arabia, which spends about half its budget on current spending such as salaries, to restrain expenditure on wage growth, especially since oil prices have halved over the past few months."
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