Treasury revises JobKeeper's cost down by massive $60 billion, sparking calls to widen eligibility
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
The federal treasury has revised down by a massive $60 billion the estimated cost of the JobKeeper wage subsidy program, from an original $130 billion to $70 billion.
Treasury revealed its huge recalculation in a joint statement with the Australian Taxation Office, which also revealed there had been a large reporting error in estimates of the...