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Top Singapore ministers face pay cuts of up to 51% [View All]

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dbt Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-04-12 04:26 AM
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Top Singapore ministers face pay cuts of up to 51%
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Source: BBC

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

The prime minister's salary is to 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. <snip>

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 S$2.2m ($1.7m, 1.08m) a year.


Read more: http://www.bbc.co.uk/news/world-asia-16404935
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