Lee Hsien-loong 25% pay raise

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Singapore increased the pay of Prime Minister Lee Hsien Loong by 25 percent as the government revises the salaries of its officials. Lee will be paid S$3.1 million annually. Lee will also receive a bonus tied to the performance of the economy. Top civil servants could receive an additional bonus equivalent to seven months’ pay based on their performance. The starting salary for new ministers, which includes bonuses, will rise to S$1.6 million from S$1.2 million a year. The monthly allowance for members of parliament will increase to S$13,200 from S$11,900. The salaries put the country’s ministers among the world’s highest-paid government officials.

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