Millions of Saudis lose state financial support: Bloomberg – ZAWYA

Millions of Saudis lose state financial support: Bloomberg – ZAWYA

Millions of Saudis lose financial support from government: Bloomberg | ZAWYA MENA Edition HomeEconomyGCCArticleMillions of Saudis lose financial support from government: Bloomberg The shrinking of Saudi citizens' monthly benefits is likely to hurt the economy as earnings go down    File image used for illustrative purpose. Saudis see cents in gems and jewels,image box videoThe scaling back of the cash transfer programme for citizens in Saudi Arabia has dealt a financial blow to about two million Saudis, according to a Bloomberg report.About three months ago, the 'Citizen's Account' programme, which is run by the Ministry of Labour and Social Development, changed its eligibility rules, stopped payouts in millions of cases and set an upper limit for assistance.According to the news report, about 1.3 million Saudis lost out on the benefits in July alone.About three months ago, the 'Citizen's Account' programme, which is run by the Ministry of Labour and Social Development, changed its eligibility rules, stopped payouts in millions of cases and set an upper limit for assistance.The scaling back of the cash transfer programme for citizens in Saudi Arabia has dealt a financial blow to about two million Saudis, according to a Bloomberg report.According to the news report, about