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President Biden`s monthly salary is $ 33,333 dollars

Chhabed Sathee, Staff Reporter, USA || risingbd.com

Published: 08:26, 22 January 2021   Update: 08:26, 22 January 2021
President Biden`s monthly salary is $ 33,333 dollars

Monthly salary of newly-elected President of United States Joe Biden has been fixed.

He will receive a monthly salary of $ 33,333 dollars up from $400,000 dollars a year. Under U.S. law, a President is paid a certain amount of money while in office.

Article 3 of the US Code states that a president will receive a salary of $400,000 a year (more than Tk 3 crore 90 lakh a year). Biden is going to receive a salary on the same scale. The monthly amount stands at $ 33,333.33.

In addition, a US President receives $50,000 (more than Tk 4 lakh) as incidental expenses, $1,00000  for travel and $19,000  per year as entertainment allowance.

Even after leaving office, US presidents receive a fixed amount of salary from government funds.

Some benefits like round-the-clock security, health insurance continue. However, there is no separate allocation for the decoration of the President and his family.

If a designer wants to give a gift of clothing, there are usually no rules for accepting it. Even if the President accepts the gift, it must be deposited in the National Museum once it is worn.