Public service fat cats are symptoms of a wider problem

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Fairfax published an article over the weekend showing that Australia’s public service executives are among the very highest paid in the world, dwarfing their counterparts in the United States:

Analysis from The Sydney Morning Herald and The Age has found Australia’s top bureaucrats are earning vastly more on average than their international counterparts, with more than 25 of the nation’s senior public officials paid more than $1 million last year…

Top officials in security, culture, finance, health and transport has found Australian bureaucrats are among the most generously paid in the world…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.