Netizen 24 MYS: Penang CM, exco members to donate 10% pay to federal govt fund

By On May 31, 2018

Penang CM, exco members to donate 10% pay to federal govt fund

The decision to contribute 10% of salaries to Tabung Harapan Malaysia is to help the federal government tackle the huge debts facing the nation, says the chief minister.

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Penang Chief Minister Chow Kon Yeow says the pay cut will be open-ended, without an end date.

GEORGE TOWN: The Penang government will cut the salaries of the chief minister and his 10 executive council members by 10% from next month and donate the sum to Tabung Harapan Malaysia (THM).

Chief Minister Chow Kon Yeow said the decision was made at a state executive council meeting yesterday, in answer to Prime Minister Dr Mahathir Mohamad’s call to help reduce the government’s debt burden.

THM is a government initiative to allow Malaysians to donate towards improving the country’s finances .

Chow said the total cuts would amount to RM13,526.80 a month and would begin with the June 2018 salary. He said the pay cut was open-ended, without an end date.

The chief minister is currently paid RM14,175.15 a month and the exco members are paid RM12,101.29. Penang assemblymen receive RM11,250 a month.

“We hope that this will help reduce the debt burden of the federal government, which was left by the previous Barisan Nasional administration,” Chow said at a press conference in Komtar today.

Yesterday, neighbouring Kedah also slashed the basic salaries of the menteri besar and exco members by 10%.

These actions are in line with Mahathir’s move to cut the salaries of his Cabinet members. He had also announced that a civil service salary rise due on July 1 would be reviewed.

The lowdown on Malaysia’s debts

Economist: Donation drive to settle govt debts embarrassing, bad precedent


Source: Google News

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