Tasmanian Senator Eric Abetz says Treasury's revision on JobKeeper projections is actually 'fantastic' and is 'a great result for the Australian people'.
Tasmanian Senator Eric Abetz says Treasury's revision on JobKeeper projections is actually "fantastic" and is "a great result for the Australian people". A significant reporting error has led Treasury to dramatically revise its projections for the Morrison government's JobKeeper program. The scheme, which sees the government pay $1,500 fortnightly in affected workers' wages, was originally expected to cover around 6.5 million employees at a cost of $130 billion.
As a result, Treasury's revised estimate of the cost of the JobKeeper program is now just $70 billion which is $60 billion less than the original forecast. Treasury now expects the number of employees likely to be covered under JobKeeper program to be around 3.5 million, around 3 million less than forecast. Mr Abetz told Sky News host Chris Kenny "the important is if you make errors, make them in the way it was done in this occasion".
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Number of Australians on JobKeeper revised down by 3 million due to 'significant' reporting errorBREAKING: Treasury has revealed the number of Australians receiving the JobKeeper allowance has been grossly overestimated.
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Jobkeeper payment overestimated by $60 billionBREAKING: Treasury and ATO have revised the number of expected JobKeeper recipients from 6.5 million to 3.5 million, after discovering 'significant' reporting errors. 9News
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