Singapore will cut salaries for its prime minister and top office holders !
Prime Minister Lee Hsien Loong’s annual income will fall 36 percent fr S$3.07 million to S$2.2 million (US$1.7 million).
The president’s would be reduced 51 percent to S$1.54 million.
These are based on the government-appointed Committee to Review Ministerial Salaries’ recommendations released today.
New ministers will make about S$1.1 million, down from S$1.58 million.
PM Lee, 59, said today he would accept the proposed cuts.
still more than Barack Obama annual salary USD400k (half a million Sing dollars). USA is third largest country in the world with population of 313 million people. SG population 5m.
Annual pay in USD $509,154 Yoshihiko Noda, Japanese Prime Minister $429,847 Kenyan Prime Minister Odinga $399,710 U.S. president Barack Obama $379,090 Australian Prime Minister Gillard $301,369 French President Sarkozy $295,024 German Chancellor Angela Merkel $222,061 British Prime Minister Cameron $80,894 Russian Prime Minister Vladimir PutinÂ
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