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Friday, January 6, 2012

Cut in Ministers' Salaries

The Ministers have accepted a 36% cut in their salaries. The cut was higher than what most Singaporeans had expected, based on the survey carried out by me earlier. 76% had expected no cut or a cut of less than 25%. The results of the survey can be found here.

We have to acknowledge that the Government had taken an important first step to address the concerns of the people and that the review committee had done a good job in drawing a fine balance between the difficult conflicting requirements. While the revised salaries are still high by international standards, they are not high by Singapore standards, where chief executives, lawyers and doctors are earning much more.

Our challenge is to reduce the cost of living for the ordinary citizens. Let us focus on this important task, and do not be too distracted by the salaries of our political leaders. Let us give them the support to address the key challenge.

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