Singapore’s prime minister is set to get a whopping 64% pay increase next month thanks to a boost in ministerial compensation.

Starting on October 15, Prime Minister Lawrence Wong will see his salary increase to 3.6 million Singapore dollars – roughly the equivalent of $2.85 million USD.

Singapore already has some of the world’s highest ministerial salaries. The latest changes to political salaries are the first in 15 years.

For ministers and other political officeholders, Wong clarified that immediate adjustments will be limited to a one-off increase of up to 9%, depending on individual circumstances, including performance.

GORDON CHANG WARNS…

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