Singapore’s Ministers Face Massive Pay Cuts

Singapore’s highly paid Ministers face massive pay cuts, following a recommendation by a government-appointed committee.

The recommendation suggests the prime minister’s salary be slashed by 36% and the president’s by 51%.

The salary committee was set up after parliamentary elections last year that saw the ruling party secure its lowest overall vote since 1965.

Local media reports the government intends to accept the recommendations.

Even with the 36% pay cut, Prime Minister Lee Hsien Loong will still be one of the highest-paid political leaders in the world with $2.2m Singapore Dollars (USD$1.7m, £1.08m) a year. Compared to US President Barack Obama’s earnings of about USD$400,000.

Singapore President Tony Tan, with a cut of 51% will still earn $1.5m Singapore dollars.

Members of Parliament and political appointee are also included in the salary cuts. Entry-level ministers will get a pay cut of 37%, with an annual salary starting from $1.1m Singapore Dollars.

The recommendations are based on “a salary formula that features fixed and variable pay components which are linked to individual performance and national outcomes”, according to reports released by the committee.

The recommendations will still be debated in parliament this month.

One thought on “Singapore’s Ministers Face Massive Pay Cuts

Add yours

  1. Teaching English in Singapore – Lucrative and Rewarding Jobs Await. Having been a colony of the United Kingdom until 1963, and having English as the official language, means English is very well established there. This may not be reflected in standards of local English, but for the most part, this is dealt with by the government during a child’s education. You are far more likely to be teaching (in quantity order from my experience) mainland Chinese, Korean, Vietnamese, Indonesian, Malaysian, Filipino, Japanese, Thai, and even Burmese citizens.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Up ↑

Sunshine and Cyra

Let me share with you the love that I've experienced.


Current & Breaking News | National & World Updates

%d bloggers like this: