Oral Reply to Parliamentary Question on GDP bonus for ministers
Parliamentary Sitting Date: 22 January 2008
Mr Siew Kum Hong: To ask the Prime Minister whether the GDP Bonus for Ministers is awarded based on real GDP growth or nominal GDP growth.
Oral Reply (for the Prime Minister) by Mr Teo Chee Hean, Minister in charge of the Civil Service and Minister for Defence:
The GDP Bonus is awarded based on the real GDP growth rate. The bonus is paid out in March every year, based on the real GDP growth rate of the preceding year.