Saudi chops wage, benefit bill in delicate pursuit of austerity

By Katie Paul, Marwa Rashad and Celine Aswad RIYADH/DUBAI (Reuters) - A decision to slash ministerial pay by a fifth reflects Saudi Arabia's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices. Along with reductions unveiled on Monday that will affect all public sector workers, the cuts also flag to financial markets before a debut sovereign bond issue that the oil exporter is committed to budget discipline. Some Saudis appeared prepared to accept