In the sort of news best delivered the afternoon before a five day weekend our Labor emembers are jointly announcing a massive hike in the widely despised lazy policy tool of the efficiency dividend from 1.25% to 1.5% for the next two years.
The Gillard Government today released the ‘Review of the Measures of Agency Efficiency report’ and announced a temporary quarter per cent increase in the efficiency dividend from 1.25 per cent to 1.5 per cent for two years.
Under this measure, the efficiency dividend will rise from 1.25 per cent to 1.5 per cent in 2011-12 and 2012-13, and return to 1.25 per cent for 2013-14 and 2014-15.
Federal Labor representatives for the ACT, Senator Kate Lundy, Dr Andrew Leigh and Gai Brodtmann, welcomed the release of the Review which was commissioned following Labor’s comprehensive report into government administration.
The central recommendation of the Review – to apply the efficiency dividend at portfolio level – will be adopted by the Government.
But fear not, they finish up with this bromide:
The ACT economy is the best performing economy in the country and we will continue to work with ACT Government to deliver for the people in Canberra.