Wednesday, April 11, 2007

S'porean PM salary stuns White House official

Washington (AFP) - A senior White House official on Tuesday admitted he was floored by the news that Singapore's prime minister earned five times more than US President George W. Bush.

" I'm going to emigrate and run for office in Singapore," the official said on condition he be identified only as "a senior administration official who sits in disbelief after reading that story."

On Monday, the Singapore government had announced a fresh 25.5 percent pay hike for Prime Minister Lee Hsien Loong, boosting his salary to 2.05 million dollars per year.

Bush gets paid 400,000 dollars per year for doing his job, according to the White House.

Combined with personal investment income, he and his wife Laura reported 618,694 dollars in taxable income in the 2005 fiscal year. They had to pay 187,768 dollars in federal taxes.

But maybe Bush shouldn't feel so bad. The Singaporean's paycheck is eight times fatter than Japanese Prime Minister Shinzo Abe's.

SDP : no need to donate, just cancel pay hike

S'porean PM to donate pay increase to charity

Singapore's ' fat cat ' ministers to get ' fatter '

SWP's MP on ministerial, civil service pay rise


Blogger Monsterball said...

Malaysian Minister's pay is pretty awful, too. Way below top level salaries in the private sector.

Of course, in Bolehland, there are many other "unrecorded" sources of income if you look hard enough.
Quick maths - what is 1% of RM 1 Billion ?

9:42 PM  
Blogger James Wong Wing-On said...

yeah ... but don't get me wrong as i do not criticise the singaporean pm on behalf of malaysia. it is just an international news item that interests me. singaporean Pm is answerable only the people of singapore in this kind of issues. cheers.

7:27 AM  
Blogger Meng said...

Singapore or better known as Singapore inc. is run like a business entity and for their size, its probably the best.

I think Kittykat may be right, some of our ministers may be getting as much as free....:>

10:16 PM  
Blogger James Wong Wing-On said...

i don't know if the CEO of Hong Kong SAR is paid as much as Singaporean PM. Hong Kong serves as a better comparison because of similarities of size, population number and makeup, historical background as former British colony and economic perfomance. Again, I do not speak for Hong Kong. Just a personal observation.

10:33 PM  

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