Singapore's Prime Minister to Receive $1 Million Pay Increase, Becoming World's Highest-Paid Leader
Lawrence Wong's annual salary will rise to S$3.6 million amid ongoing debate over Singapore's high ministerial pay structure.
Singapore's Prime Minister Lawrence Wong is set to receive a salary increase of approximately $1 million, according to a report by BBC News.
Wong's pay will rise to 3.6 million Singapore dollars, equivalent to approximately $2.8 million or £2.1 million, the report said.
The increase would make Wong the highest-paid head of government in the world, according to BBC News.
Singapore has long maintained a policy of paying its political leaders salaries comparable to top private-sector executives, a practice the government has defended as necessary to attract capable individuals and deter corruption.
The pay structure has periodically drawn public debate within Singapore, with critics questioning the scale of compensation relative to other world leaders, while supporters point to the city-state's economic performance and low levels of corruption as justification for the model.
Further details on the timeline and specific breakdown of the salary adjustment were not immediately available.
Sources
- Highest paid world leader to get salary increase of $1 million — BBC News — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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