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Fresh Reads from the Science 'o sphere!

Thursday, February 25, 2010

Minister Pay To Increase By 8.8%

Despite the raging debate among citizens about the government's performance regarding the foreign talent policy, HDB price spike, losses by Temasek Holdings and GIC etc., looks like the government has decided to raise the salaries of ministers yet again in this year's Budget.

Committed to going green (TODAYonline)
by Teo Xuanwei 05:55 AM Feb 23, 2010


"Salaries for political appointments - ministers, ministers of state and parliamentary secretaries - are estimated to be $58.28 million, or 8.8 per cent higher than last year."

Ministers in Singapore are already the highest paid politicians in the world, earning over a million dollars a year and beating their counterparts in other countries by a large margin.

Check out this graph that compares the salary of the Prime Minister with prominent leaders of first world countries:

It is shockingly inappropriate timing to raise their salaries while our country has barely recovered from the recession, and the sustained recovery of the global economy is still in doubt.

Some commenters on sociopolitical blogs say that this pay hike suggests that the government is not confident of winning the next general election and thus is increasing their salaries while they can.

Alternatively, it is also possible that the election will not be held this year after all, since it is inconceivable that the government would make such an insensitive move shortly before the election.