Singapore ministers won’t be seeing a pay raise anytime soon

SINGAPORE (Mar 2): Some of the world’s most well-compensated ministers won’t be getting a raise anytime soon.

The Singapore government isn’t accepting the 9% salary increase recommended by a review committee, Deputy Prime Minister Teo Chee Hean said in parliament Thursday. Another assessment may not be done for another five years.

After the last review, Prime Minister Lee Hsien Loong’s annual income fell 36% to $2.2 million ($1.7 million). New ministers now make about $1.1 million, down from $1.58 million before 2011.

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