Will the cost of living allowance return 1443 Saudi Finance

Will the cost of living allowance return 1443 Saudi Finance
Will the cost of living allowance return 1443 Saudi Finance

Will the cost of living allowance return 1443? This question is one of the most important questions that many Saudi citizens have, as the cost of living allowance has been suspended since June 2020, and it was disbursed to employees with the aim of improving their material conditions and helping them meet basic needs, and therefore many are waiting for the return of the payment. This support again.

Will the cost of living allowance return 1443

The cost of living allowance was stopped in June, and the value-added tax was raised, and the aim of these decisions was to reduce the damage caused to the Saudi economy as a result of the Corona virus invading the country, which affected the economy of most countries in the world.

As for the answer to the question: Will the cost of living allowance return 1443, so far, no decisions have been issued by the Saudi government regarding the return of its payment, but many expect that the cost of living allowance will return in the current year, and if any new decisions are issued, we will inform you about them on our website.

Paying the cost of living allowance 2021

The aim of disbursing this allowance is to compensate for the shortfall in meeting the basic needs of many families due to the high prices and the high cost of living, and therefore it is one of the most important things that citizens obtain.

The cost of living allowance was paid to employees with the aim of improving their material conditions. The value of the allowance for military and civilian employees is 1,000 Saudi riyals, while social security beneficiaries receive a cost of living allowance of 500 Saudi riyals.

Beneficiaries of the Insurance and Pension Agency also receive 500 Saudi riyals in return for the retirement pension and the cost of living allowance, and all beneficiaries are waiting for a decision from the Saudi government to re-disburse it again.

How to calculate the cost of living allowance

There are many Saudi families who are eligible for the cost of living allowance, and there are a number of factors that control the value of this allowance, including the following:

  • The number of family members, and the number of those who study there.
  • The state of the house where it is ascertained whether it contains the basic needs or not.
  • Based on the above factors, the value of the allowance is determined, which varies from one family to another.

Source

cost living allowance return Saudi Finance

 
For Latest Updates Follow us on Google News
 

PREV Urgent guidance from the Minister of Islamic Affairs to the “preachers of mosques” regarding the upcoming Friday sermon
NEXT Millions of “Android”, “Windows” and “iPhone” users may lose access to the Internet