HELSINKI: Finland’s government submitted a bill to parliament yesterday proposing a 21-percent pay cut for the president, an idea pitched by the leader himself as an example of austerity in Europe’s time of crisis.
The bill proposes a new annual salary of 126,000 euros ($169,000), or 10,500 euros a month.
President Sauli Niinistoe, a conservative in power since March 2012, made the suggestion himself, saying he wanted to lead by example during Europe’s tough economic times.
The pay cut, if approved by parliament, would bring the presidential salary back to its 2006 level.
The current coalition government, made up of six out of the eight parties in parliament, already cut cabinet ministers’ wages by five percent in 2011.