Saudi Arabia’s new king faces challenging fiscal climate - FT.com:
"When King Salman bin Abdulaziz al-Saud became Saudi Arabia’s king last month, he followed family tradition by showering his people with money.
Bonuses were given to state employees and pensioners, and big investments in infrastructure were announced. The handouts, worth an estimated $32bn, are a political necessity in his nation, where the royal family provides services and benefits in return for loyalty.
“The bonuses are the usual practice when there’s a succession,” said Steffen Hertog, associate professor at the London School of Economics. “Although perhaps some were doubting whether it would happen because of the oil price situation.”"
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