In an article, Reuters on the disputed earnings of Singapore government officials, an apparent raise is scheduled for the members of the Singapore government, sparking a wave of controversy amongst Singaporeans. 20% of the population earns S$991 monthly or S$12,000 annually, compared to the S$1.2Million annual income of the officials.
SINGAPORE (Reuters) - The salary of the prime minister of Singapore is more than three times that of U.S. President George Bush and about four times that of Japan's Prime Minister Shinzo Abe. But that is not enough. Singapore's Prime Minister Lee Hsien Loong may soon be getting a hefty pay rise as part of a controversial ministerial salary hike that has infuriated many
Singaporeans. Lee, who is estimated to earn about S$2 million (669,265 pounds) per year, said last month that the salaries of Singapore ministers, top public officials and judges have fallen way below benchmark private sector salaries and may need to be doubled.
"Itis critical for us to keep these salaries competitive, so as to be able to bring in a continuing flow of able and successful people," Lee said in a speech in March.
Lee said that Singapore ministers, who currently earn about S$1.2 million a year, should be earning S$2.2 million. Details of the new ministerial salaries will be announced in parliament on April 9.
Since 1994, the salaries of Singapore ministers have been set at two-thirds the median pay of the 48 best-paid bankers, lawyers, accountants, engineers, and executives in multi-nationals and manufacturing firms. But the latest salary hike, which comes at a time when income disparity in Singapore is wider than ever, has sparked an outpour of unusually blunt criticism from Singaporeans. Continued...
Now even a Senior White House Official is also feeling the urge to leave for
monetary Reasons.
"I'm going to emigrate and run for office in Singapore," the official said
on condition he be identified only as "a senior administration official who sits
in disbelief after reading that story.On Monday, the Singapore government had announced a fresh 25.5 percent pay hike for Prime Minister Lee Hsien Loong, boosting his salary to 2.05 million dollars per year. Bush gets paid 400,000 dollars per year for doing his job, according to the White House."
Things that make you go "HMMM".
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