Queensland's generously-rewarded premier will earn more than the leaders of China, India and Russia combined this year.
The Queensland Independent Remuneration Tribunal has recommended a $6559 raise for Premier Annastacia Palaszczuk, taking her annual pay to $385,719.
That's about $116,000 more than the combined salaries of Russian President Vladimir Putin ($194,480), Chinese President Xi Jinping ($31,391) and Indian Prime Minister Narendra Modi ($43,345) in 2015.
Only a few world leaders will take home more money than Ms Palaszczuk this year.
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They include Singapore Prime Minister Lee Hsien Loong, Hong Kong chief executive Leung Chun-ying, US president Barack Obama and Australian Prime Minister Malcolm Turnbull.
The tribunal will also raise the base salaries of state MPs by $2530 to $151,425.
"Taking into account a range of factors, the Tribunal concludes that an increase in base salary is warranted," the written determination said.
The panel also said the pay rises have been backdated to September 2014.
The tribunal awarded the pay rises partly to keep MP salary increases in line with other states, which it said had risen on average by 4.43 per cent since July 2013.
Acting Health Minister Anthony Lynham said the independent tribunal's decision was fair.
"I am not doing my job because of the money I obtain," Dr Lynham, who was a surgeon before entering parliament, said.
"Like many of my colleagues, I am not in this for the financial reward."
Opposition Leader Lawrence Springborg said the tribunal was right to take into account Queensland's "softening and weakening economic position" when deciding on the increase.
"We've got an independent remuneration tribunal that's clearly looked at the facts and indicated a pay rise that they believe is able to be delivered in worsening economic circumstances," Mr Springborg said.
The issue of Queensland politicians' pay has been contentious in recent years.
The former Liberal National Party set up an independent tribunal to oversee the process, after it came under fire for awarding MPs a generous pay rise in 2013.
Protests also met the new panel's decision in March 2014 to award senior politicians massive pay rises, including a $67,000 top-up to then-premier Campbell Newman's salary, putting him on almost $380,000 a year.
Ms Palaszczuk made an election commitment to ensure MP pay rises were not proportionately greater than those awarded to public sector workers.
The new Labor government passed laws linking MPs pay to those of public servants in May 2015.