Ministerial pay cut fair: Singapore deputy PM
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Last Updated: Tuesday, January 17, 2012, 10:16
Singapore: Deep cuts to Singapore ministers' unpopular multi-million-dollar salaries are "fair and balanced" but slashing them further would deter people from serving in government, the deputy premier said on Tuesday.

Speaking at a parliamentary debate, Deputy Prime Minister Teo Chee Hean said the government would support a proposal by an official committee to slash top officials' salaries by at least a third.

Prime Minister Lee Hsien Loong had promised a review of ministerial salaries to ease public anger that surfaced in landmark elections last year, when the ruling party saw its share of votes fall to 60 per cent, an all-time low.

"The government has considered the committee's report carefully, and is satisfied that the committee has studied this subject of political salaries very thoroughly," Teo said.

"The government therefore intends to accept the committee's recommendations. They are fair and balanced, and are an improvement to the previous salary framework."

Despite the cuts, Singapore ministers remain the world's best-paid politicians, running a wealthy city-state of more than five million people.

The Prime Minister still commands an annual salary of SD 2.2 million (USD 1.69 million) despite a 36 per cent pay reduction under the revised pay scale, government estimates showed.


First Published: Tuesday, January 17, 2012, 10:16

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