SALARIES of Singapore's top civil service officers and ministers will be cut as a 'sharp' recession threatens to increase job losses and hurt lending this year, Bloomberg news reported on Monday.
The top government salaries, which are linked to economic performance, will fall 12 per cent to 20 per cent in 2009 and 'may be subject to further adjustments given the volatility of the economy', Defence Minister Teo Chee Hean, who is also in charge of the civil service, said in Parliament on Monday.