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    Singapore President's annual salary tops S$4.2 million

    President Nathan, shaking hands with Philippine president Aquino, now earns S$4.2 million a year (Reuters photo)President Nathan, shaking hands with Philippine president Aquino, now earns S$4.2 million a year (Reuters phot …

    The Singapore Parliament has approved a 26 per cent increase in the President’s salary as well as higher salaries for his personal staff for the fiscal year of 2010.

    The President’s salary, also known as the Privy Purse, is now set at S$4,267,500, up from $3,376,800.

    The amount for staff salaries is increased to $4,532,400 or $473,600 higher than that of the year before.

    The President’s entertainment allowance remains at $73,000.

    The revision is part of an overall increase in the manpower expenditure for the Office of the Istana, which is staffed by 62 personnel.

    On Thursday, Finance Minister Tharman Shanmugaratnam, who proposed that the House support the change, said this caters for the “recruitment of an additional staff officer to support the work of the Council of Presidential Advisers and a butler manager to meet increased demand for butler services at the Istana, and to meet the higher variable payments on account of a strong economic growth”.

    The President’s salary rises in tandem with that of political, judicial and civil service appointment holders.

    However, the expenditure for Istana expenses was cut by $25,300 to $2,068,300 to “reflect savings” on these and other ad hoc spending, said Mr Tharman. The total sum allocated for the Civil List is $11.6 million.

    For the next financial year, Mr Tharman said this overall sum will remain unchanged, but the allocation for the President’s salary and allowances will drop to $3,782,000 due to lower variable payments anticipated.

    An extra $610,000 will be set aside for the Presidential Swearing-in Ceremony which is likely to be in late August.

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    This blog post originally appeared on Fit To Post, the blogs section of Yahoo! Singapore  News . In early 2011, Yahoo! upgraded our News platform across Southeast Asia. As part of this upgrade, we preserved all historical posts on Fit to Post. Unfortunately, due to technical reasons, we were not able to preserve the comments attached to these posts. We sincerely apologize for any inconvenience this has caused.

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    51 comments

    • A Yahoo! User  •  1 year 2 months ago
      Most well paid & most relax President,
    • MrBIG33  •  1 year 2 months ago
      Thats why im migrating man.....Singaporeans my poor countrymen...
      • OK MAN 1 year 2 months ago
        Typical countrymen. Send you to where?
    • Ka ke nang  •  1 year 2 months ago
      Minister pay vs Moral obligation of public servant. Does world class minister pay means world class moral obligations to the people? It looks to me that they are greedy people whom do not contribute to the people but suck the blood out of them...

      Thank you for being greedy so we can vote you guys out.
    • Tham  •  1 year 0 months ago
      in singaPORE the only person with tax exempted is mr president .....
    • Madeline Denvour  •  1 year 2 months ago
      does anyone know if the president is taking out a portion of his money to help those countries which have been affected by the recent calamities of nature... ?

      i really hope he does...
      the people there need financial help in terms of food and money to build shelters right now...
    • Hahn  •  1 year 2 months ago
      for someone who enjoys a good prata and occasionally flips one,he sure gets paid well.

      i mean gezz,this prataman hardly ever shows his face in parliarment,hardly ever does anything (other than flipping prata and eating it) and he still gets paid millions.he either must have done something good previously or is in chaoots with the devil.

      either way,for a president to be paid so much for runn...being a rubber stamp,this is either the cushiest job or one so hard that it needs a multi million dollar pay to keep "talents" from moving to greener pastures or being corrupt......obama must be cussing in the oval office right now.
      • a citizen of this planet ... 1 year 2 months ago
        I think you are getting racialistic becareful!! Secondly u seem to be a "sua ku" who dont understand the duties, responsibilities and work schedule of a president. Better get educated my friend. Dont shame yourself. However i agree with you that salary increase and over paying cabinet ministers, MPs and civil servants is unfair, Is an abuse of power and authority by the PAP ruling party. They cant justify their pay in comparing with commercial salaries. They must not forget they are civil servants not businessmen or commercial directors or CEOs
    • Rocky  •  1 year 1 month ago
      The highest paid president of the world is our President Nathan. He commands $4,267,500
      a year!
      Let say our president shakes hand with a guest per day. Every hand shake is $11,691!
      Why we guys have to work so hard!
    • SOS  •  1 year 1 month ago
      The Singapore Parliament has approved the President’s salary at S$4,267,500 + $73,000 pocket money!
      Let's show the world how reach is Spore!!! 10 Obama cannot compare with 1 Nathan!
      Sorry folks, This is Chapter 1- President's salary increased by 26%. This set the stage for;
      MM
      SM
      PM
      DPM
      Ministers
      God, please help us to maintain our SERVANTS!!!
    • SgCapricorn  •  1 year 1 month ago
      The threat to the long term survival of Singapore is not external.
      It is from within - GREED.
      Such excess and insensitivity will lead to decay and we will soon be a city without a soul.
    • Kay Lee  •  1 year 1 month ago
      So what if we all complain, it will be approved, can anything be done, is it justified, nodoby is listening.
    • nyan  •  1 year 2 months ago
      it was said that private sector are paying high salary for their ceo.therefore in order not to retain them,their salary has to match those ceo.if they are capable enough,please let them go.we don't need them.what we need is citizen who care for the country and its citizen,how to help the not well to do,less educated.he is suppose to safeguard our national asset,make sure the government don't squander it,but he approved his salary rise.what is the matter with him.was he being told to approved it then later also approve the rest of the ministers' salary rise.i am waiting for a day to come whereby he reject his salary from rising again or request to deduct his salary and tell its citizen my salary is too high already and i have enough or too much money,i don't need more,i love to serve my country.saying goes,i came to this earth naked,i don't bring anything to this earth and i can't bring all this money with me when i leave.dear president,please do care for the not so well to do,less educated.in case you don't know,let me tell you,your citizen are being squeeze,family quarrels are more and more frequent.be more sensitive to its citizen,not all are doing well.
      • nyan 1 year 2 months ago
        edit the sentence therefore in order not to retain them to in order to retain.
    • Lawrence  •  1 year 2 months ago
      This is to prepare the way for Ministers' pay hike...all wayang
    • golden  •  1 year 2 months ago
      heartlanders are very very very sad..
    • dave  •  1 year 1 month ago
      do i hv to say more, read the comments here and it is all in our thoughts,,not that we dont want to vote the pay and pay parties, there is no voting all these times as either the oppositions are in government free food place or outside the country if u know what i mean,,so just walk over with the pay and pay parties and then they continues to declare their own extremely high interest in pay by saying no corruption .wonder what is that???????
    • gonggong  •  1 year 2 months ago
      I think Obama will be applying for a position in the cabinet. And he is willing to travel and be a Singapore Citizen. :p
    • A Yahoo! User  •  1 year 2 months ago
      Is it taxable, or tax free?
      • OK MAN 1 year 2 months ago
        Better tax free. you nut.
    • peter  •  1 year 1 month ago
      If I really love Singapore, I would not ask such high paid.
    • Anthony  •  1 year 2 months ago
      For paying him so much, does he work more than the President of USA, i think he is the most expensive president in the world in such a small country, is this justifiable?
    • Jessica Lim  •  1 year 2 months ago
      To be frank, a low-ranking civil servant would be grateful to a similar percentage of increment! But they don't get that much I presume! That explains why income gap gets wider between the poor and the rich..
    • Ka ke nang  •  1 year 2 months ago
      LKY in his book mentioned that he learned form the Japanese during their occupation that your have to create that fear factor so that people will obey. And those who don't obey, take them out.. This is why till today Singaporean is still so afraid to speak and question.

      This is exactly what happened. They are taking advantage and rewarding themselves handsomely at the expense of poor Singaporean. The only way out is to vote them out regardless.

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