Introduction
Cecilia Malmström is a prominent Swedish politician who has served as the European Union’s Trade Commissioner since 2014. As the EU Trade Commissioner, Malmström is responsible for negotiating and implementing trade deals on behalf of the European Union with other countries. Her role is critical to ensuring Europe’s economic competitiveness and advancing its interests in various global markets.
Many people wonder how much Cecilia Malmström earns in her role as the EU Trade Commissioner. In this blog post, we’ll explore Cecilia Malmström’s net worth and shed some light on her financial situation.
Background
Cecilia Malmström was born in Sweden in 1968. She studied at the University of Gothenburg and obtained a degree in Political Science. Malmström started her political career in the 1990s as a member of the European Parliament. In 2010, she was appointed as the European Commissioner for Home Affairs, and later, in 2014, as the EU Trade Commissioner.
Net Worth
As a public servant, Cecilia Malmström’s income is publicly available. According to the European Commission’s financial disclosure system, Malmström earned a gross income of €290,410 in 2019. This includes her fixed salary, allowances, and benefits. Her net income after taxes and social contributions amounts to around €199,860.
However, it’s worth noting that EU commissioners are not allowed to engage in additional paid employment or to receive any other form of income during their term of office. This means that Malmström’s income is solely derived from her role as the EU Trade Commissioner.
Expenses and Benefits
In addition to her salary, Cecilia Malmström is entitled to various allowances and benefits. These include a monthly residence allowance of €3,516, a daily subsistence allowance of €300 when carrying out official duties outside Brussels, and a travel allowance for official travel.
Malmström is also covered by the European Commission’s health insurance scheme and pension scheme. Additionally, she is entitled to a transitional allowance for up to three years after leaving her post.
Career Highlights
Throughout her political career, Cecilia Malmström has achieved several notable accomplishments. As the EU Trade Commissioner, she has been instrumental in negotiating and concluding significant trade agreements with countries such as Canada, Japan, and Mexico. Her efforts have helped to promote greater economic cooperation and open up new opportunities for European businesses.
Malmström has also been vocal in defending the EU’s interests in the face of rising global protectionism and trade tensions. She has advocated for a rules-based multilateral trading system and worked to ensure that the EU’s trade policy aligns with its broader policy objectives, such as sustainability and human rights.
FAQs
1. How much money does Cecilia Malmström make as the EU Trade Commissioner?
Cecilia Malmström’s gross income in 2019 was €290,410, which includes her salary, allowances, and benefits.
2. What benefits is Cecilia Malmström entitled to as the EU Trade Commissioner?
In addition to her salary, Cecilia Malmström is entitled to various allowances and benefits, including a monthly residence allowance, a daily subsistence allowance, and a travel allowance. She is also covered by the European Commission’s health insurance scheme and pension scheme.
3. Can EU commissioners engage in additional paid employment?
No, EU commissioners are not allowed to engage in additional paid employment or to receive any other form of income during their term of office.
4. What are Cecilia Malmström’s career highlights?
As the EU Trade Commissioner, Cecilia Malmström has played an instrumental role in negotiating significant trade agreements with countries such as Canada, Japan, and Mexico. She has also been vocal in defending the EU’s interests in the face of rising global protectionism and trade tensions.
5. What are the EU’s broader policy objectives for trade?
The EU aims to ensure that its trade policy aligns with its broader policy objectives, such as sustainable development, climate change, and human rights.
6. How long can former EU commissioners receive a transitional allowance?
Former EU commissioners can receive a transitional allowance for up to three years after leaving their post.
7. How can EU citizens access the financial disclosures of EU commissioners?
EU citizens can access the financial disclosure declarations of EU commissioners through the European Commission’s financial disclosure system.
Conclusion
In summary, Cecilia Malmström earns a gross income of €290,410 as the EU Trade Commissioner, in addition to various allowances and benefits such as a monthly residence allowance, a daily subsistence allowance, and a travel allowance. Her role as the EU Trade Commissioner is critical to ensuring Europe’s economic competitiveness and promoting its interests in various global markets.
However, it’s important to note that EU commissioners are not allowed to engage in additional paid employment or to receive any other form of income during their term of office. Cecilia Malmström’s income is therefore solely derived from her public service as the EU Trade Commissioner.
If you want to learn more about the EU and its policies, be sure to check out the European Commission’s website and stay informed on the latest developments.