Saudi Arabia slashes ministers' pay, cuts public sector bonuses

By Katie Paul and Noah Browning RIYADH/DUBAI (Reuters) - Saudi Arabia will cut ministers' salaries by 20 percent and scale back financial perks for public sector employees in one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices. The measures, disclosed in a cabinet statement and royal decree broadcast on state-run Ekhbariya TV on Monday, constitute the first pay cuts for government employees, who make up about two-thirds of working Saudis. "Th