Original article by Luke Kinsella, John Kehoe
The Australian Financial Review – Page: 1 & 8 : 26-Nov-25
The cost of running the federal public service is expected to top $111bn in 2025-26, having increased by 38 per cent since Labor took office in May 2022. Cabinet ministers and public service heads have been directed to find savings in their budgets of up to five per cent, in addition to the existing ‘efficiency dividend’ of one per cent. It is estimated that a five per cent spending cut across the public sector would result in savings of about $5.6bn. Finance Minister Katy Gallagher has indicated that any savings are likely to be redirected to other policy priorities.
CORPORATES
AUSTRALIA. DEPT OF FINANCE