Australian politicians score huge pay rise to take salaries to $217,060

As wages stagnate for the rest of us, Aussie politicians have pocketed a major pay rise, with the PM now taking home $564,364 a year.

Federal MPs have pocketed a tidy $5810 pay rise while ordinary Australians struggle to pay their bills, put fuel in their cars and purchase groceries.

From July 1, all federal MPs will see their salaries increase from $211,250 to $217,060 a year – a 2.75 per cent rise. This does not include their expenses and allowances.

Prime Minister Anthony Albanese speaks during a visit to the Rockpool Residential Aged Care in Carseldine, in Brisbane's north. Picture: NCA NewsWire/Dan Peled

Prime Minister Anthony Albanese’s wage will jump to $564,364, a raise of $15,104.

Opposition Leader Peter Dutton will be pocket $401,561 a year, while Greens leader Adam Bandt will take home $314,737.

The average Australian makes just shy of $91,000, according to the Australian Bureau of Statistics.

Federal MPs did not get a pay rise in 2020 or 2021 as Covid gripped the nation.

Prime Minister Anthony Albanese poses with his new ministry after a swearing-in ceremony at Government House on June 1. Picture: Jenny Evans/Getty Images

In the three years preceding that, they received a two per cent pay rise.

The news that politicians are set to receive a bump in pay is unlikely to go down with Australians families are they are slugged with higher-than-ever petrol prices and grocery bills.

Our finances aren’t likely to improve any time soon, with RBA governor Philip Lowe telling the ABC on Tuesday night that he expected inflation to hit seven per cent by Christmas and that the situation might not improve for a year.

Originally published as Australian politicians score huge pay rise to take salaries to $217,060