The Financial Review has word that Kevin Rudd’s watering down of the carbon tax is going to be paid for, amongst other things, by slapping another lazy efficiency dividend on the public service.
To avoid a hit to the budget from the lower price that carbon permits will be sold to industry, the senior levels of the federal public service will be required to become more efficient.
Sources said there would be an extra 1 per cent efficiency dividend imposed at the executive level and a 0.5 per cent extra dividend at senior executive level, delivering combined savings over the four-year budget forecasts of about $250 million.
It suits Kevin’s arm waving policy style, just blurt out a percentile and leave others to pick up the pieces.
Why go to the trouble of actually figuring out where the waste is?
UPDATE: The ABC is saying 800 EL jobs are going to go.