Govt shoots down JobKeeper growth

Govt shoots down JobKeeper expansion

The federal government won’t transfer to broaden the definition of JobKeeper regardless of the $60 billion saving, Sky Information Chief Anchor Kieran Gilbert says.

The federal government on Friday revealed a costing error by Treasury meant the wage subsidy scheme was initially forecast $60 billion larger than was required.

It’s now estimated the JobKeeper program will value the federal government $70 billion and can cowl about three.5 million employees.

Mr Gilbert mentioned senior authorities sources indicated the scheme wouldn’t be widened they usually seen the revised forecast as an excellent factor.

“They see this as a optimistic, that the debt burden will probably be much less.”