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Saudi reform to boost non-oil revenue, suppress public-sector salaries

Published Tue, Jun 7, 2016 · 09:50 PM

Jeddah

SAUDI Arabia plans to more than triple the government's non-oil revenues and clamp down on public-sector salaries over the next five years, ministers said on Monday as they described reforms designed to reduce the economy's dependence on oil and build a sustainable future.

The National Transformation Plan (NTP) aims to boost non-oil revenue to 530 billion riyals (S$191.3 billion) by 2020, creating some 450,000 jobs, according to comments by ministers and documents distributed to reporters in Jeddah.

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International

International

Saudi reform to boost non-oil revenue, suppress public-sector salaries

International

Fed officials mull if rates are high enough as inflation expectations jump

US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties

UN General Assembly backs Palestinian bid for membership

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India's industrial output up 4.9% year-on-year in March

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