Benchmarking and bonuses: why Singapore pays its politicians like bankers
- Posted on September 13, 2026
- By Financial Times
- 4 Views
- 1 min read
Singapore implements a competitive compensation model for government officials, aligning ministerial salaries with private sector benchmarks. This strategy aims to attract top talent and reduce corruption risks by offering market-competitive packages. The city-state's approach contrasts sharply with traditional governance models, reflecting its pragmatic philosophy that substantial remuneration ensures quality leadership and administrative excellence in public service.
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