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Singaporean Ministers Get Significant Pay Raise, First in 15 Years

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Singaporean ministers are set to receive a substantial salary increase, with adjustments up to 9% effective from October 15th, marking the first such change in 15 years. This move aims to attract and retain qualified political leaders amid rising incomes in the private and public sectors, as highlighted by Prime Minister Lawrence Wong. The new salary structure could see a minister's annual income reach approximately 2.8 million Singapore dollars, with the Prime Minister's salary potentially rising by 64%. Wong announced he will donate his entire salary increase for the next five years to charitable causes, totaling around 1.1 million Singapore dollars. The government justifies these remuneration levels by the need to attract competent personnel and limit corruption, benchmarking against high earners in the private sector. While acknowledging public concerns due to the significant increase and median income disparity, the government emphasizes the importance of effective political leadership for the nation's future.

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