One of the issues that generate the most intrigue around the world has always been the salary of presidents, prime ministers and leaders, which sometimes reach multi-million dollar figures, and in others they do not exceed what a successful businessman from any company would earn.
However, the salary of the presidents has several nuances, such as the prosperity of the economy of the country they manage, the cost of living, the place in the world where it is located and, above all, the currency in which it is earned.
For example, Singapore is the country in the world that pays its president the best, a position currently held by Halimah Yacob. There the salary is located at US$147,000 per month, which per year is close to US$2 million.
In that country, although the minimum wage is not established by law, it is speculated that it is close to US$1,000, a figure that accounts for the solid economic structure of the Asian country.
According to Juanita Bedoya, Internationalist expert in Asian Economy at the Pontificia Universidad Javeriana, the amount established for salaries is directly proportional to the country's cost of living. According to the expert, Singapore is ranked among the 10 most expensive countries in the world to live in. “A car can cost US$100,000 there,” but it is also one of the countries with the lowest taxes in the world, which allows a balance in lifestyle and means that the salary, despite the costs, remains high. Bedoya pointed out.
Guy Parmelini, one of the seven presidents of the Swiss Confederation, also appears in the ranking of the presidents with the best salaries, with a salary of US$36,000 per month, and which is the second highest in the world.
Then that of Colombian President Ivan Duque, which rises to US$10,233 and is the third highest in the region, in a country where the normal population earns a minimum wage of less than US$260, and with a poverty rate close to 26 .9% data that worsened with the pandemic.
Finally, the most surprising case is that of Alejandro Guamattei, president of Guatemala, who in addition to being the highest in the region is the sixth highest in the world with a figure of US$19,300 per month. Guatemala is the country with the highest rate of multidimensional poverty in the region (29%), which leaves many concerns about inequity in the nation.
Some leaders had to adjust their salaries due to the global crisis.
This is the case of Argentina, Mexico and Uruguay, where the pandemic has generated strong impacts on the economy, their leaders decided to lower their salaries and that of the cabinets between 20 and 50%. The president of Mexico earns US$6,000 a month, a little less than half that of his predecessor Enrique Peña Nieto. On the Argentine side, Alberto Fernandez had to freeze his salary at US$5,700 and finally, Luis LaCalle Pau, who reduced his salary by 20% to US$9,240. The lowest in the region is that of Luis Arce Catacora, from Bolivia, with US$3,500.
How much does the president of Colombia earn? This would be the salary of Gustavo Petro
Decree 472 of 2022 stipulates that the salary of the highest representative of the country is equal to that of a Congressman, together with twice his representation expenses. This would mean an approximate sum of 34.4 million pesos per month.
Gustavo Petro, new president of Colombia, according to the results of the Registry that grant him more than 50% of the votes, with 89.45% of polling stations informed and 10,075,836 votes, must avail himself of Decree 472 of 2022 in regarding the salary that he will receive as the new president of the country during the next four years. How much is the value according to the law?
The aforementioned decree was modified by the current president, Ivan Duque, in which it was stipulated that, as of January 1, 2022, the country's head of state will earn "a basic allowance equal to that earned by members of Congress of the Republic and double the representation expenses they receive.
This is approximately equivalent to a sum of 34.4 million pesos per month and 412.8 annually. However, the law does not stipulate the exact figure nor does it discriminate the way in which the money should be distributed for the expenses of basic allocation, representation and management bonus of the presidency.
On the contrary, Decree 472 of 2022 does establish the salary of the person who occupies the position of Vice President of the country: a total of 28,408,081 million pesos, divided as follows:
Basic Allocation: $7,783,819Representation expenses: $13,806,323Management premium: $6,817,939
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