On the one hand, the whole world is struggling with the cost of living crisis while, on the other hand, New Zealand politicians will not feel the pressure. The New Zealand Prime Minister has often been cited as one of the highest paid politicians or leaders in the world. Recently, it was claimed that New Zealand politicians and second-tier MPs earn three times the median salary of the country’s population. Amid the cost of living crisis, New Zealand’s prime minister’s salary has taken center stage. Although, in five years the salaries of New Zealand politicians and leaders have not increased. If you are also interested in how much the Prime Minister of New Zealand earns, then this article is for you. You are requested to stick to this page and review it to the end.
Salary of the Prime Minister of New Zealand
The salary of parliamentarians in New Zealand varies depending on what your position is held, such as the position of Speaker, Prime Minister, Cabinet member and Leader of the Opposition. The basic salary for an MP in New Zealand is $163,961, while the Cabinet member receives $296,007. What is the salary of the Prime Minister of New Zealand? Jacinda Ardern is the Prime Minister of New Zealand. Her name is among the world’s top leaders. Scroll down the page and read what her salary is.
Jacinda Ardern earns $471,049 a year. Do you know that Jacinda Ardern is right behind the six people? The highest paid leader in the world is Lee Hsien Loong who is the Prime Minister of Singapore and earns SGD$2.2 million, the second on the list is John Lee who is the CEO of Hong Kong and earns HK$5,426,400, Ignazio Cassis, the president of the Swiss confederation ranks third and his salary is CHF 456,854, the president of the United States Joe Biden earns USD$400,000, Anthony Albanese, the prime minister of Australia receives a remuneration of A$564,364 and Olaf Scholz the Chancellor of Germany ranks sixth just ahead of the Prime Minister of New Zealand with a salary of €362,268 per year.
The Chairman of the Remuneration Authority named Geoff Summers said that the politician serves the public and looks at public sector wages to see how they are performing. Summers said the cost of living is not taken into account because headline inflation and wage inflation have very little correlation. Stay tuned to this website for more details and further updates.
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Source: vtt.edu.vn