Singapore’s Prime Minister Lee Hsien Loong had openly defended
the astronomical salaries of his minister on a U.S. TV
Talkshow.
In response to a question posed by Mr Phil Ponce, host of
Chicago Tonight if the United States should follow Singapore’s
example and pay higher salaries to its politicians and top
officials to control corruption, PM Lee said that itwas
“imperative” that Singapore got this policy right even as he
acknowledged that it was an unpopular issue with voters.
“What can be more responsible than running a central bank in
an economy or running an education system where you are not only
dealing with billions of dollars, but where if you make a mistake,
the livelihood or the future of millions of people will be at
stake,” he said.
Chicago was rocked by a sensational corruption scandal a
year ago when former Illinois governor Mr Rod Blagojevich was
accused of trying to ’sell’ the Senate seat vacated by President
Barack Obama.
PM Lee is probably the highest paid Prime Minister in the world.
He currently earns about S$3 million dollars a year or more than 6
times the annual salary of U.S. President Barack Obama.
Even a junior Singapore minister earns more than the most
powerful man in the world.
Justifying the need for high salaries to get the “best” person
in the government, PM Lee added:
“……You want the best person, and you want him to be properly
motivated and focused on his job and not based on revolving
door.”
PM Lee and his colleagues are expected to receive a massive 8.8
percent pay hike this year on the back of the improving
economy.
An unknown percentage of their multi-million salary package is
pegged to GDP growth
TR
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