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Market Impact: 0.12
Singapore Ministers’ Pay to Rise by Up to 9% in One-Time Boost
Source: Bloomberg
Fiscal Policy & BudgetElections & Domestic Politics
Singapore government ministers will receive a one-time salary increase of up to 9%, ending a pay freeze that has been in place since 2012. The move affects some of the world's highest-paid political officeholders and may draw domestic scrutiny, but it is unlikely to have a material market impact.
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