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.’
Read more: Saudi officials warn bankruptcy looming