Extravagant salaries in the public sector unjustifiable

It has been reported that the new chief executive of the National Treasury Management Agency (NTMA) could get a ‘bonus entitlement’ of up to €384,000, on top of a salary-and-benefits package of €445,000.

The NTMA chief executive operates under the auspices of the Department of Finance and oversees a staff of 650.

The top-up would be 80% of an exceptionally generous public sector salary.