Singapore boosts PM’s salary by $1m amid major pay rise for ministers
Summary
Singapore’s prime minister and government ministers have received a large salary increase, with the prime minister’s pay rising by about $1 million. The government says high salaries help attract talented leaders and support good governance, though the pay is much higher than most citizens earn.Key Facts
- The prime minister’s annual salary increased from S$2.2 million ($1.7 million) to S$3.6 million ($2.8 million).
- Deputy prime minister’s salary rose from S$1.8 million to S$3 million.
- Other cabinet ministers now earn between S$1.8 million and S$2.8 million, based on their roles.
- The prime minister plans to donate his entire salary increase to good causes.
- Singapore’s high ministerial pay is much more than leaders in countries like the US ($400,000) and the UK ($230,000).
- The pay raise is the biggest in 15 years and was recommended by an independent committee.
- Officials will not get the full new salaries immediately but will see a one-time raise of up to 9% starting October 15.
- Singapore argues that paying well for political leaders helps ensure strong leadership and good government.
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