President Aquino's paycheck is just one of the things that needs to be changed in this country. For how can you expect government officials to be straight and honest if their salaries are a joke?
According to reports, President Aquino's first paycheck was worth PHP 63,002.17 after deductions were made. (Source)
I believe President Aquino when he says "hindi ako magnanakaw."
But what about the other people around him, and the presidents after him?
Shouldn't the CEO of the country earn more than PHP 63,002.17 after taxes?
Let's take a look at what other government officials are earning elsewhere and compare.
United States:
President Barak Obama: US$ 400,000, plus US$ 50,000 expenses (total of PHP 20,166,750/year)
Vice President Joe Biden: US$ 202,900 (PHP 9,092,963)
Cabinet Secretaries: US$ 157,000 - 186,600 (PHP 7,035,955 - PHP 8,362,479)
Secretary of State (Hillary Clinton) - US$ 186,600 (PHP 8,362,479)
Australia: Prime Minister: US$ 229,000/year (PHP 9,448,200)
Japan: Prime Minister: US$ 243,000/year (PHP 10,890,045)
Canada: Prime Minister: US$ 246,000/year (PHP 11,024,490)
United Kingdom: Prime Minister: US$ 279,000/year (PHP 19,989,424)
Germany: Prime Minister: US$ 303,000/year (PHP 13,578,945)
France: Prime Minister: US$ 318,000/year (PHP 14,251,170)
Hong Kong: Prime Minister: US$ 516,000/year (PHP 23,124,540)
Now take a look at what Singapore government officials are earning compared to everyone else.
President: SGD 3,140,000/year or US$ 2,330,414. At PHP 104,437,509, even I think that's a bit much.
Prime Minister: $US 2.47 million (PHP 110,693,050)—or about six times more than the U.S. President.
The monthly pay for a Member of Parliament is SGD 12,000 (US$ 8,900) per month or SGD 144,000 (US$ 106,872) per year, tax free. (That's PHP 400,000/month or PHP 4,800,000/year).
(Source)
How much do you think the President of the Philippines should earn in order to be an effective and honest public servant?
According to reports, President Aquino's first paycheck was worth PHP 63,002.17 after deductions were made. (Source)
I believe President Aquino when he says "hindi ako magnanakaw."
But what about the other people around him, and the presidents after him?
Shouldn't the CEO of the country earn more than PHP 63,002.17 after taxes?
Let's take a look at what other government officials are earning elsewhere and compare.
United States:
President Barak Obama: US$ 400,000, plus US$ 50,000 expenses (total of PHP 20,166,750/year)
Vice President Joe Biden: US$ 202,900 (PHP 9,092,963)
Cabinet Secretaries: US$ 157,000 - 186,600 (PHP 7,035,955 - PHP 8,362,479)
Secretary of State (Hillary Clinton) - US$ 186,600 (PHP 8,362,479)
Australia: Prime Minister: US$ 229,000/year (PHP 9,448,200)
Japan: Prime Minister: US$ 243,000/year (PHP 10,890,045)
Canada: Prime Minister: US$ 246,000/year (PHP 11,024,490)
United Kingdom: Prime Minister: US$ 279,000/year (PHP 19,989,424)
Germany: Prime Minister: US$ 303,000/year (PHP 13,578,945)
France: Prime Minister: US$ 318,000/year (PHP 14,251,170)
Hong Kong: Prime Minister: US$ 516,000/year (PHP 23,124,540)
Now take a look at what Singapore government officials are earning compared to everyone else.
President: SGD 3,140,000/year or US$ 2,330,414. At PHP 104,437,509, even I think that's a bit much.
Prime Minister: $US 2.47 million (PHP 110,693,050)—or about six times more than the U.S. President.
The monthly pay for a Member of Parliament is SGD 12,000 (US$ 8,900) per month or SGD 144,000 (US$ 106,872) per year, tax free. (That's PHP 400,000/month or PHP 4,800,000/year).
(Source)
How much do you think the President of the Philippines should earn in order to be an effective and honest public servant?