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Singapore PM's annual salary to rise 64% to $2.85 million amid ministerial pay hike
Yahoo • • world
Key Points:
- Singapore will increase ministerial salaries starting October 15, with the prime minister's annual pay rising 64% to S$3.6 million ($2.85 million), the highest for any world leader.
- The salary hike aims to attract top talent and deter corruption, despite public sensitivity given the median monthly wage of S$5,775 in Singapore.
- Junior ministers' salaries will also rise, potentially reaching S$1.8 million based on performance, with an initial one-off increase of up to 9%.
- Prime Minister Lawrence Wong acknowledged public scrutiny and pledged to donate his salary increment to charity for five years, emphasizing the need for quality political leadership.
- The pay adjustment, last revised downward in 2012, will be debated in parliament amid mixed public reactions and no opposition party statements so far.
