CNN·4 min read·medium

The world’s best-paid politician is getting a $1 million pay rise

J
John Liu
The world’s best-paid politician is getting a $1 million pay rise
AI Summary

Singapore Prime Minister Lawrence Wong has announced a significant salary increase for himself and his cabinet, citing the need to remain competitive with the private sector. The move has sparked public backlash, with critics labeling the decision tone-deaf amid economic uncertainty.

Why it matters

It highlights the ongoing global debate regarding political compensation, public trust, and the justification of high salaries as a mechanism to prevent corruption.

Dive DeeperCreate a free account to unlock

Singapore’s ministers are already among the world’s highest-paid politicians, with Prime Minister Lawrence Wong earning more than four times US President Donald Trump’s annual government salary. Now, Wong has been given a $1 million pay bump, with the wealthy city-state giving a big boost to ministers’ salaries for the first time in 15 years. Announcing the pay hike in parliament Tuesday, the Singapore leader said the salary adjustment was necessary to attract talent to the public service, particularly as the gap in compensation between political leaders and private-sector executives has widened in recent years. Wong’s annual pay package will rise nearly 64%, from S$2.2 million ($1.7 million) to S$3.6 million ($2.8 million), while other ministers will receive increases of up to 9%. Wong has pledged to donate his pay increase to charity for five years.

Continue reading on Headlinne

Create a free account to read the full article.

Read full article →
politicsbusinesseconomy

Get smarter about the news

Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.

Create free account

Already have an account? Sign in