Singapore’s PM Salary USD1.69 million
PICTURE file photo shows Singapore’s Cabinet after they were sworn in May 21 years ago.
SINGAPORE – Singapore Prime Minister Lee Hsien Loong receive recommendations of a committee appointed by the government to reduce his salary, cabinet ministers and the President of the country.
The recommendations involve cutting at least one-third the salary of ministers of millions of dollars, according to a new salary documents yesterday.
Although the cuts are made, the minister in Singapore remained the minister receives most highest salary in the world.
The job cuts promised by Hsien Loong to defuse public anger after the 2011 general election took place.
Hsien Loong himself will receive a salary of USD 1.69 million per year, declining by 36 percent compared to before.
That amount, however, remains the highest paid among the authorities of the countries in the world.
In comparison, President of the United States (U.S.), Barack Obama receives a salary of USD 400,000 a year.
Obama is a President who has 312 million people and is the most powerful country on military and economic strength.
Singapore President salaries will be cut up to 51 per cent to Sg$ 1.54 million a year while the new Cabinet will receive half the salary of elected Prime Minister.
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Lee Hsien Loong
Government ministerial salaries will be reduced by 37 percent per year to SG $ 1.1 million.
Hong Kong Chief Executive Donald Tsang receives a salary of USD 543.500, Prime Minister of Japan, Yoshihiko Noda of USD 513,000 and Australian Prime Minister Julia Gillard earn USD 379,000 salary .
Salary French President Nicolas Sarkozy was USD 302,000, German Chancellor, Angela Merkel paid a salary of USD 296,000 and British Prime Minister David Cameron who earn salaries of USD 222,000.
Singapore leaders salaries soared in the 1990s when it made the highest average salary in the private sector on the island as a benchmark.
The job cuts reflect measures the pressures of Singapore ruling party, the People’s Action Party (PAP).
PAP who ruled Singapore since the country’s separation from Malaysia in 1965 recorded a dismal performance in election 2011.
PAP votes received during the selection has dropped by 60 percent once the lowest number of votes ever recorded was the ruling party.
