Singapore will cut salaries for its prime minister and top office holders after voter unhappiness over a widening income gap weakened support for the ruling party in last year’s elections.
Prime Minister Lee Hsien Loong’s annual income will fall 36 percent to S$2.2 million ($1.7 million) while the president’s compensation would be reduced 51 percent to S$1.54 million, based on the government-appointed Committee to Review Ministerial Salaries’ recommendations released today. New ministers will make about S$1.1 million, down from S$1.58 million, according to a statement on the committee’s website.
