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.


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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