Singapore Raises Prime Minister's Salary by $1m in Major Pay Boost for Ministers
City-state announces one-off increase adding more than 60% to what officials say are already the world's highest ministerial salaries, defending the move as necessary to attract talent.
Singapore has announced a substantial one-off pay increase for its prime minister and cabinet ministers, with the prime minister's salary rising by $1m, according to the Guardian.
The pay increases add more than 60% to what are already described as the world's highest ministerial salaries, the report said.
Singapore's government has long defended its practice of paying political leaders salaries comparable to those in the private sector, arguing that competitive compensation is necessary to attract capable individuals to public service and to ensure good governance in the affluent city-state.
The Guardian reported that the increases represent a dramatic boost to compensation for government ministers, though further details of the exact figures involved and the rationale provided by Singaporean officials were not fully outlined in the available source material.
Singapore has historically stood out among nations for tying ministerial pay to benchmarks drawn from top private-sector earners, a policy that supporters say reduces the risk of corruption and helps retain talent, while critics have periodically questioned the scale of such salaries relative to those in comparable democracies.
Sources
- Singapore boosts PM’s salary by $1m amid major pay rise for ministers — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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