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No pay rise for Singapore's million-dollar ministers

AFP  |  Singapore 

ministers were told today their salaries will stay frozen despite a recommendation for a hike, but there was little sympathy in the city-state for the world's best-paid politicians. Ministerial salaries in the financial hub are the highest on Earth, with an paid Sg$1.1 million ($830,000) and Loong earning an eye-watering Sg$2.2 million. The has argued the huge pay packets are necessary to attract top-calibre talent and prevent the corruption that afflicts other Asian countries. But the issue has long attracted public anger, and the responded to criticism by slashing salaries after a review in 2012. A nine-member committee last year carried out the first review of ministers' salaries since the reductions, and recommended an increase of nine percent. But announced in parliament there would be no raise, in response to questions from MPs about the review. "The has decided not to make any changes, and to maintain the current salary structure and level," he said. But far from being welcomed, the announcement only served to remind many Singaporeans of the sky-high compensation awarded to their public servants. "No increase? How about deduction instead?" commented user Another user on the site said: "Putting it bluntly, we do not need you to tell us why no increase, there should not be any increase at all, being the highest paid cabinet." Lee's salary is the highest of any elected head of in the The US presidential salary is $400,000 but billionaire has pledged to donate it.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 01 2018. 17:15 IST
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