Tuesday, October 25, 2016

Saudi officials warn bankruptcy looming...

Two senior Saudi officials have warned that the kingdom could go bankrupt in three years unless serious cuts are implemented to trim the public sector which they have described as inefficient and overstretched.

Minister of Civil Service Khaled Al-Araj told a live TV debate that civil servants in the kingdom barely put in one hour a day in the office. The civil servants, he added, also have little incentive to work.

The kingdom’s public sector, which employs more than 70 percent of the workforce, is extremely unproductive and its employees have a poor work ethics, Al-Araj was quoted as saying by media.

The system is so badly run that wages are paid to government employees even if they had left their jobs, the UK’s The Times newspaper quoted him as saying in a report that was also carried by the arabianbusiness.com.

Al-Araj warned that the poor performance of the public sector could soon blow out of proportion. Full story...

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