Australian Prime Minister Julia Gillard will get more salary than United States President Barack Obama and the United Kingdom Prime Minister David Cameron, as the country's Remuneration Tribunal has decided in favour of increasing the wage of the members of Parliament.

The salary of Gillard is set to overshoot by $ 90,000 (approx Rs 46.9 lakh) making her total wages exceed even US President Barack Obama and British Prime Minister David Cameron salaries, a media report said.

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After a review, the independent Remuneration Tribunal has decided for increasing federal MPs' salaries in decades. The base salary for the politicians is likely to jump steeply and even the most junior parliamentarian will jump from $ 140,000 (approx Rs 73 lakh) to at least $ 180,000 (approx Rs 93.9 lakh), The Courier Mail reported.

Sources said the tribunal's decision would increase the current base salary for MPs of $ 140,910 (approx Rs 73.5 lakh) to at least $ 180,000 (approx Rs 93.9 lakh) and possibly more. 

Meanwhile, the government could face a public backlash to the pay deal particularly after announcing a series of budget cuts, including reducing the baby bonus and plans to slash public service spending.

The boost in pay will mean the prime minister, who is paid a loading of 160 per cent, will get at least $ 470,000 (approx Rs 2.4 crore).

Gillard will earn more than the US President, who is paid about $ 400,000 (approx Rs 2.08 crore), and Cameron, whose salary is about $ 221,000 (approx Rs 1.15 crore).