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1996 US Diplomatic Cable about Saudi Oil Income Stipends for Royalty


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2019 Aug 10, 9:05pm   267 views  0 comments

by Patrick   ➕follow (55)   💰tip   ignore  

https://wikileaks.org/plusd/cables/96RIYADH4784_a.html

3. (S) THE MOST COMMON MECHANISM FOR DISTRIBUTING THE NATION'S
WEALTH TO THE ROYAL FAMILY IS THE FORMAL, BUDGETED SYSTEM OF
MONTHLY STIPENDS FOR ALL MEMBERS OF THE AL SAUD, MANAGED BY THE
MINISTRY OF FINANCE'S "OFFICE OF DECISIONS AND RULES." THE
STIPENDS RANGE FROM $270,000 PER MONTH ON THE HIGH END TO $800 PER
MONTH FOR THE LOWLIEST MEMBER OF THE MOST REMOTE BRANCH OF THE
FAMILY. BONUS PAYMENTS ARE AVAILABLE FOR MARRIAGE AND PALACE
BUILDING. THE EMBASSY ESTIMATES THAT THE STIPENDS SYSTEM PUTS AN
ANNUAL DRAIN OF ABOUT $2 BILLION ON THE $40 BILLION GOVERNMENT
BUDGET.


I'm not sure this thing isn't a fake document, but it has lots of interesting details about how members of the royal family may supplement their income by expropriating land from commoners which they know is going to be sold to the government for a public works project, or by borrowing from banks and not paying back the loan, or by importing foreign labor and taking a cut from their wages.
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