Singapore govt ministers to cost taxpayers 15 pct more

15 Feb 08

Singapore government ministers and other political appointees, the world’s best paid, will cost taxpayers another 15 percent in the coming financial year starting April, according to the city-state’s budget on Friday.

The state will spend S$66.5 million on political appointments, up from S$58.1 million in the current fiscal year to March – which was also 27 percent up on 2006/2007.

The government announced two rounds of pay hikes for ministers last year, raising Prime Minister Lee Hsien Loong’s annual pay to S$3.76 million – at least five times that of U.S. President George W. Bush. 

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