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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.