CNews, 4 Jan 2012Singapore Prime Minister Lee Hsien Loong and his ministers will see their pay slashed by about 36% as the government responds to opposition complaints over their high salaries but Lee will remain the world’s best-paid leader.
Lee earns more than S$3 million (US $2.3 million) a year but will see that reduced to S$2.2 million (US$1.7 million) under the recommendations of a review committee he appointed last year, the committee said on its website.
Despite the pay cut, Lee’s salary will still be three times that of Hong Kong Chief Executive Donald Tsang, the world’s next highest-paid political leader who takes home about $550,000 a year. Full story
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