1 / 2

Saudi Arabia has announced a tripling of its value added tax from July and halted a monthly allowance to state employees from next month as oil prices collapseSaudi Arabia has announced a tripling of its value added tax from July and halted a monthly allowance to state employees from next month as oil prices collapse (AFP Photo/RANIA SANJAR)

Riyadh (AFP) – Juggling two mortgages and part-time jobs, Saudi academic Abdullah finally came close to building his own home, but the kingdom’s coronavirus-triggered austerity drive has dealt a crushing blow to his dreams.

Saudi Arabia has announced a tripling of its value added tax from July and halted a monthly allowance to state employees from next month as oil prices collapse, while simultaneously