Federal politicians are in for a big pay rise with Prime Minister Julia Gillard set to take home an extra $90,000 and Liberal turncoat and new Speaker Peter Slipper pocketing an extra $70,000, News Ltd papers say.
The report says the extra money will put Ms Gillard in a higher pay bracket than either US President Barack Obama or her British counterpart David Cameron.
Mr Slipper's pay rise will take his annual pay to $315,000 as part of an increase for federal MPs to be revealed before Christmas.
Humble backbenchers will get another $40,000 for an annual wage of $180,000.
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The News Ltd papers say the government is bracing for a public backlash to the pay deal, particularly after its spending cuts announced just two days ago included slashing the baby bonus and reducing public service spending.
But there is a downside, with future MPs not eligible for the lucrative travel Gold Pass.
Opposition Leader Tony Abbott's pay packet will rise $74,000 to $333,000.