SINGAPORE: Most Singaporeans Channel NewsAsia spoke to said they welcome the move to cut the salaries of Singapore's political appointment holders, with some saying it was long overdue.
They also felt the new pay structure, which includes a National Bonus linked to socio-economic indicators such an unemployment rate and income growth, is a step in the right direction.
Noel Zhang, a financial consultant, said: "This further substantiates the fact that... they want to not just benchmark against how the economy is performing as a whole just by a raw GDP score, they would also want to factor in how the rest of the economic indicators are doing, such as the unemployment rate (and) the bottom 20 per cent, how they are doing.
"This would probably give policy makers and the government more incentives to make sure that the whole economy moves together as a whole and not leave anyone behind lagging too badly."
Some felt that what matters more for political appointment holders is their passion to serve the people.
Eric Chiang, head of a wholesale business, said: "People who want to go into the public service, I think apart from the pay, it is the passion and heart for the people. So frankly speaking, even if it's a 38 per cent (cut) for the PM, for those who have the heart, perhaps they will even settle for less."
Others voiced concern as to what the government would do with the monetary savings after the pay cut.
Lee Wan Rong, a financial services consultant, said: "Maybe they can tell us, (with) the pay cut, [where would the money go to?
our minister pay cut ! when is ours ? our paycut seem soon... since our own minister has taken his move...
ver sad life...
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