The Federal Government will completely axe the JobKeeper program in March and speculation is mounting it will be replaced by a wage subsidy scheme for small and medium businesses. aclennell
The Federal Government will completely axe the JobKeeper program in March and speculation is mounting it will be replaced by a wage subsidy scheme for small and medium businesses. Sky News Political Editor Andrew Clennell said the decision to cut off JobKeeper payments – detailed in papers for the upcoming budget - would reveal the “true state of unemployment” in Australia.
The first round of JobKeeper is estimated to cost $85 billion while taxpayers are expected to spend $16 billion on the second round, which has tougher eligibility requirements. “The exit was never going to be easy and the PM and Treasurer knew this,” Mr Clennell said. “The view is it cannot go on forever. The focus of the budget therefore will be on job creation, not income support.
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