His First Annual Message To The National Legislature

On 29 January 2018, in his first annual message to the national legislature, he reduced his salary and other benefits by 25% with immediate effect. "With the assessment that I gave you earlier of the poor condition of our economy, I believe that it is appropriate that we should all make sacrifices in the interest of our country. According to Article 60 of the Constitution, the salaries of the President and the Vice President are established by the Legislature, and cannot be increased or reduced during the period for which they are elected. However, in view of the very rapidly deteriorating situation of the economy, I am informing you today, with immediate effect, that I will reduce my salary and benefits by 25% and give the proceeds back to the Consolidated Fund for allocation and appropriation as they see fit."