Singapore has approved a significant one-off salary increase for its government ministers, raising pay by over 60% to levels already considered the highest globally. Authorities defend the hikes as necessary to attract top talent and maintain strong leadership, despite the already substantial compensation. The move follows a recent pay rise for the prime minister, further emphasizing the city-state’s approach to high-end remuneration for political roles. Critics may question whether such increases align with broader economic priorities amid rising costs.
The affluent city-state has justified high-end salaries for its political leaders, arguing they attract talent and ensure good governanceSingapore’s prime minister has been given a $1m pay rise as the affluent city-state announced a dramatic one-off salary boost for government ministers.The pay increases add more than 60% to what are already the world’s highest ministerial salaries. Continue reading...
