GOVERNMENT EMPLOYEES – AUSTRALIA

Wages claims put state budgets at risk: S&P

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Original article by Michael Read, James Hall
The Australian Financial Review – Page: 1 & 4 : 14-Jan-25

S&P Global Ratings analyst Martin Foo has warned that demands for big public sector wage rises could more negatively impact on state governments’ budget bottom lines that treasurers had forecast. Foo notes that some recent above-average pay rises in the public sector could have a flow-on effect, with other unions likely to seek to match them. Foo adds that changes to some state governments’ public sector wage caps may also have contributed to higher wage claims. AMP’s chief economist Shane Oliver says state governments have limited ‘wiggle room’ to increase public sector wages.

CORPORATES
S&P GLOBAL RATINGS, AMP LIMITED – ASX AMP

Wages claims put state budgets at risk: S&P

roymorgansocial Leave a comment

Original article by Michael Read, James Hall
The Australian Financial Review – Page: 1 & 4 : 14-Jan-25

S&P Global Ratings analyst Martin Foo has warned that demands for big public sector wage rises could more negatively impact on state governments’ budget bottom lines that treasurers had forecast. Foo notes that some recent above-average pay rises in the public sector could have a flow-on effect, with other unions likely to seek to match them. Foo adds that changes to some state governments’ public sector wage caps may also have contributed to higher wage claims. AMP’s chief economist Shane Oliver says state governments have limited ‘wiggle room’ to increase public sector wages.

CORPORATES
S&P GLOBAL RATINGS, AMP LIMITED – ASX AMP

Federal public sector jobs surging under Albanese

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Original article by Ewin Hannan
The Australian – Page: 5 : 27-Nov-24

The federal government tabled the latest State of the Service report in parliament on Tuesday, which shows that the number of public sector employees has risen sharply since Labor took office in May 2022. The headcount was 159,190 in mid-2022, but this had risen by 16.4 per cent to 185,343 by the end of the 2023-24 financial year. The National Disability Insurance Agency has recorded the biggest increase in headcount amongst federal agencies. The report also shows that 555 public servants were found to have breached the code of conduct in 2023-24, although only 61 had their employment terminated.

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AUSTRALIAN LABOR PARTY

Inflate this: PM’s public service splurge costs taxpayers extra $5bn

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Original article by Simon Benson
The Australian – Page: 1 & 4 : 13-Nov-24

Data from the Australian Bureau of Statistics shows that 26,100 permanent positions have been added to the federal public service since Labor took office in May 2022. The annual public sector wages bill has risen from $32.5bn in June 2022 to more than $37bn, and the federal public sector workforce has risen to 365,400. Meanwhile, the total cost of the public service across Australia’s three tiers of government is now almost $250bn a year. Public Service Minister Katy Gallagher contends that the federal government has been rebuilding the Australian Public Service after a decade of neglect under the Coalition. However, shadow treasurer Angus Taylor says Labor is using the public sector to prop up the jobs market and GDP.

CORPORATES
AUSTRALIAN BUREAU OF STATISTICS, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA