Alassaf said payments to companies were now “stable” and would rise. He also praised the government’s economic plans and austerity drive.
The Saudi government on Wednesday sold $17.5 billion of bonds, the largest emerging market debt sale ever, in its first international bond sale.
Alassaf said the government planned to issue sukuk in future as one way to cover its budget deficit.
Civil service minister Khalid bin Abdullah al-Araj told the program that after oil prices recovered, some necessary allowances would be resumed.