Anthony Albanese to receive substantial pay increase
Anthony Albanese and other politicians are set to receive a pay rise at a time many Australians are struggling to make ends meet, with the Prime Minister's salary lifting from around $607,471 to over $622,000.
Federal politicians, senior public servants and departmental secretaries will receive a 'relatively modest' 2.4 per cent pay rise from July 1, according to a determination of the 2025 Review of Remuneration for Holders of Public Office on Wednesday. Albanese will see his salary rise by $15,000, while Treasurer Jim Chalmers will see his lift from $438,111 to $448,625.
Opposition Leader Sussan Ley's salary will jump to $442,643, while backbenchers will see their salary increase from around $233,660 to $239,267. This 2.4 per cent pay rise is in line with the inflation figure for March.
But it is lower than the Fair Work Commission's annual wage review, which determined a 3.5 per cent above inflation increase to the minimum wage.
'The tribunal notes the domestic economy is continuing to stabilise following a period of elevated inflation and that many Australians continue to experience financial challenges,' the tribunal noted. 'In the current economic context, the tribunal considers an increase of 2.4 per cent appropriate. This adjustment reflects a measured approach, balancing the need for restraint given economic conditions with the recognition of the upward pressure on household costs.'
The tribunal, which is an independent body that determines the pay of federal politicians and public servants, said it had a longstanding policy of 'modest' increases in pay for politicians and bureaucrats. 'Including the current decision, the cumulative total of remuneration increases awarded by the tribunal since 2016 amounts to 18.65 per cent,' it said. 'In contrast, remuneration increases more generally in the public and private sectors (based on overall March WPI data from 2016 - 2025) equate to 25.6 per cent.'
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