Riyadh (AFP) - Saudi Arabia Monday cut the salaries of cabinet ministers by 20 percent and froze the wages of lower-ranking civil servants in an intensified austerity drive to cope with lower oil revenues.
While ministers will have lower salaries, the 160 members of the Shura Council will see a 15-percent drop in their annual allowances for housing, furniture and cars, a royal decree said.

Council members -- who include 30 women -- are appointed by King Salman to advise the cabinet.
The decree did not say how much money would be saved.
Since 2014 global oil prices have collapsed by more than half, leaving Saudi Arabia with a record deficit last year.
The fall in the kingdom's main source of revenue led to unprecedented subsidy cuts and curbs on government spending.
In April the king's son, Deputy Crown Prince Mohammed bin Salman, announced the wide-ranging Vision 2030 plan to diversify the economy.
The effort also seeks a streamlined, more accountable administration.
Monday's royal decrees ordered the government to "stop providing cars for senior state officials". Telephone expenditure will also be curbed.
But frontline soldiers on the southern border with Yemen will be exempt from a ruling not to grant the military an annual bonus.
Separate cabinet decisions on Monday hit other civil servants.
Any "annual premiums or any financial increases" given when civil service contracts are renewed would be suspended from next week, the cabinet said.
There would be curbs on the amount of overtime pay, while other allowances including for hazardous work would be cancelled, amended or suspended, it said.
Almost twice as many Saudis are employed in the bloated public sector -- where hours are shorter and leave longer -- than in private firms.
Vision 2030 aims to boost private sector employment, cutting the government payroll to 40 percent of the budget from 45 percent by 2020.

https://www.yahoo.com/news/saudi-king-cuts-ministers-salaries-20-183151968.html

Nigerian government shall do the same...

This is what responsible government does first when in recession. Before thinking of sales of assets. Our Senate didn't remember to put this in their action plan. I hope sales of some presidential jets will be considered with total stoppage of allowance like hardship allowance to this people

Nigeria doesnt have a contigency plan...now see where we are

agwom:
Nigerian government shall do the same...

how are you so sure? Nigerian govt does not answer to any single kingvthst can unanimously make such law. This is how people raise expectation on Buhari unfairly oh.

Will our leaders ever sacrifice for Nigerians? I doubt

20% cut mtchew wetin be dat?
Instead make una outsource minister work to naijans with cheap labour costs think outside the box
Your boy wan taste arab money na

SELLING of our National assets IS NEVER a solution to economic recovery, our APC lead government should emulate in practical terms the Saudi Arabia way. SLASH those ministerial salaries and those of national Assembly guys, by this those places becomes less attractive, so that those who clamour to go up there will know that they are there to WORK, and NOT to milk us dry.