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Use Cases
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Resources
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Pricing
June 1, 2014
% complete
January 1, 2015
% complete
January 30, 2015
% complete
Upon becoming King, King Salman awarded all public sector employees an award of two months' extra salary
June 1, 2015
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October 15, 2015
% complete
December 28, 2015
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Beginning of a move to lift subsidies from oil, gas, electricity and water. Oil prices increased by up to 66%. Subsidies will be lowered gradually and completely cutoff by 2020.
December 29, 2015
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Expected deficit of $87 billion
January 1, 2016
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January 8, 2016
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March 8, 2016
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Jarir, a prominent Saudi retailer, reports an expected sales fall by 30% year on year
March 17, 2016
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Specifically in the construction sector, there have been complaints of late/non-payment
April 2, 2016
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April 23, 2016
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Abdullah Al-Hussain, minister of water and electricity relieved from his duties following public outcry about high prices
April 24, 2016
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Progressive increase on prices of water. The top segments paying about 60 times what the bottom segments pay.
April 26, 2016
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Put an end to financial scholarships that were granted to students to enter private universities because of the inability of public universities to accommodate them
April 26, 2016
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May 7, 2016
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Structural adjustments for efficiency
May 8, 2016
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A historic move to tax underdeveloped land (2.5%) to solve housing problems
May 9, 2016
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Government plans to release 5% of Aramco to the public
June 1, 2016
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August 10, 2016
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One of the biggest Saudi construction giants has massive financial difficulties, namely: unpaid salaries, debts
August 30, 2016
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64% of unemployed Saudis are women. 83% of employed are men
September 26, 2016
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Many allowances are completely removed, others are amended and reduced.
September 26, 2016
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15% reduction in allowances for furniture and car fees
September 26, 2016
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Cut Minister salaries by 20%, Consultative council by 15%, also cut many of their allowances
September 26, 2016
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Military personnel involved in the Yemen War and in other military, intelligence, and security missions abroad are excluded
September 26, 2016
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One year stopping of car insurance payments
September 26, 2016
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September 26, 2016
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Insurance payments previously made for landlines and cellphones are lifted
September 26, 2016
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No public sector bonuses will be given
September 27, 2016
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A massive cash injection by the Saudi Arabia Monetary Agency to address banking liquidity difficulties
September 29, 2016
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First cut in production since 2008, from 33.5m barrels/day to between 32.5m b/d and 33m b/d
October 1, 2016
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This shift from the Hejri calendar to the Gregorian calendar will cost each employee about half a month of pay every year because the Gregorian calendar year is about 11 days longer than the Hejri.
October 1, 2016
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Raise the requirements for government sponsored study abroad. Ex: only to top 50 schools, in specific majors, exceptionally high high school achievement required
November 4, 2016
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November 14, 2016
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Gov ensures that delayed payments to private sector, namely construction firms, medical organizations, foreign consultancies will be made soon.
November 14, 2016
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Saudi Binladen Group, a construction giant dismisses many workers following a stop in government construction projects and delayed payments
December 22, 2016
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Expected 7.7% of GDP, $53 billion
December 22, 2016
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A direct fund transfer system, to start in June 2017, to act as the primary means of providing government support to citizens
January 1, 2017
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January 15, 2017
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The 80% subsidy on long shelf life imported dairy products that the government paid in the past was lifted.
May 1, 2017
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VAT on soda (50%) and tobacco (100%)
May 15, 2017
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This policy, set for implementation in the coming month, will raise electricity bills by 163% on average. Some users will see an increase of up to 280% of their past bills.
February 1, 2018
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A VAT of 5% will be levied on all products and services, with some basic goods excluded