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Singapore PM boosts salary by 64

Singapore PM boosts salary by 64

Singapore Prime Minister Lawrence Wong has increased his annual salary by 64% to reach 3.6 million Singapore dollars (approximately 2.85 million US dollars), following a government decision for the first time in 15 years to raise ministers' salaries. Reports indicate that his compensation package exceeds the combined salaries of six other country leaders and is based on the average income of the top 1,000 Singaporeans after a 40% deduction. Wong has pledged to donate the entire raise to charity for five years if he remains in office. Salary increases are linked to officials' performance and evaluations of their responsibilities, with phased raises of up to 9% scheduled to begin in October.

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