The government on Friday revealed a costing error by Treasury meant the wage subsidy was initially forecast $60 billion higher than was required. It is now estimated the JobKeeper program will cost the government $70 billion and will cover about 3.5 million workers. Treasurer Josh Frydenberg said the error was made as his department made the initial forecast on overly pessimistic health advice.
Speaking with Sky News, Ms O’Neil insisted the government’s defence did not stack up. “It seems like every day now there is a reason as to why this bungle happened,” she said. The ACTU President urged the government to use the additional money to assist the some 600,000 Australians who lost their job in April. “You can't then just rewrite history. There is a huge problem with unemployment. 600,000 Australian workers lost their job just in the month of April.
It's keeping my head above water. foolish comment you must be looking at a ticket for the alp nxt election 🤔
What will the ausgov do when unemployment goes through the roof in the next few months when companies close. We are in recession and they know it
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JobKeeper windfall 'very good news': Taylor | Sky News AustraliaA revision to the cost of the government’s JobKeeper program is “very good news” for the economy, according to Energy Minister Angus Taylor. \n\nThe government on Friday revealed a costing error by Treasury meant the wage subsidy scheme was initially forecast $60 billion higher than was required. \n\nIt is now estimated the JobKeeper program will cost the government $70 billion and will cover about 3.5 million workers. \n\nSpeaking with Sky News, Mr Taylor downplayed claims of a mistake within Treasury insisting the $130 billion figure was only ever a “forecast”. \n\n“This was a forecast, an update of the forecast, the original forecast was based on the best information available and this was a more subsequent update,” he said. \n\n“This was not an objective or a target. Only the Labor Party could think spending more money is a target.”\n\nMr Taylor said the revision indicated the economy was in better shape than was anticipated. \n\n“It is actually very good news. It means on the ground, and that’s where it counts, it means businesses are in better shape than we may have anticipated when those original forecasts were put in place on the best information available,” Mr Taylor said. \n\n“It does mean we are in a better position as we work our way towards recovery.”\n\nA review into the scheme will be carried out by the government in June. AngusTaylorMP Kieran_Gilbert Fantastic..Great Move .. Well done ANGUS .. AngusTaylorMP Kieran_Gilbert Angus doesn’t care whether you find the fraud or not... AngusTaylorMP Kieran_Gilbert but 'very bad news' for the economic management reputations of the LNP, JoshFrydenberg and ScottMorrisonMP shocking. auspol newscomauHQ
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Treasurer declares 'no scapegoats' in JobKeeper bungle | Sky News AustraliaTreasurer Josh Frydenberg has declared there will be no scapegoats in the JobKeeper bungle despite being embarrassed advice from Treasury officials was out by $60 billion, Sky News Political Editor Andrew Clennell says. \n\nHowever, Mr Clennell said some within the government were pointing the finger at Treasury Secretary Steven Kennedy and his departmental troops for the mistake which overestimated the cost and application numbers for the JobKeeper scheme. \n\n“The mistake has embarrassed the PM and Treasurer who were out there spruiking we have 6 million workers on the scheme only to find out we have 3.5 million,” he said. \n\n“But Treasurer Josh Frydenberg has decided there will be no scapegoats in this.”\n\nThe fight now turns to if the government will extend the scheme to include casuals, arts and university workers aclennell Fantastic..Great Move.. Well done LittleJoshy SundayAgenda Insiders outsiders auspol aclennell Anthony Albanese Morrison Govt JobKeeper bungle, This goes directly to a lack of competence by this Government WB: Morrison Govt reveals accounting bungle with JobKeeper numbers, saves tax payers $60 billion, Hmm? Anthony Albanese Labor bungle 2007-13 aclennell No scapegoat......? Announced it was businesses fault already. Truth = Josh can't carry the 6 in division. RESIGN AS TREASURER, JOSHY MUSSOLINI. (Looks a lot like him, eh?)
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JobKeeper error sparks division over additional $60 billion | Sky News AustraliaWorkers hardest hit by the coronavirus crisis could be given further government assistance as the Coalition grapples with internal division over what to do with a $60 billion recalculation of the JobKeeper program. \n\nThe Morrison Government is fending off calls to extend the wage boost to casual workers who were initially excluded by the program. \n\nNine Newspapers has reported, however, the government has no plans to extend the scheme to universities, state-owned companies or casuals who have been with a company less than 12 months. \n\n Jesus. H. C. Can the LiberalAus just merge with AustralianLabor already? What's the difference? Both profligate spenders on total scams like climate change. Auspol. insiders outsiders auspol It’s not like it’s sitting in the top draw ffs. We have to Borrow it. We’ve spent enough. If you missed out on job keeper. You get job seeker. Christ it’s double what usually is and they’re still whining. They'll give you the money after ruining your business but you just have to hand over your privacy and general freedoms.
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Govt shoots down JobKeeper expansion | Sky News AustraliaThe government will not move to broaden the definition of JobKeeper despite the $60 billion saving, Sky News Chief Anchor Kieran Gilbert says. \n\nThe government on Friday revealed a costing error by Treasury meant the wage subsidy scheme was initially forecast $60 billion higher than was required. \n\nIt is now estimated the JobKeeper program will cost the government $70 billion and will cover about 3.5 million workers. \n\nMr Gilbert said senior government sources indicated the scheme would not be widened and they viewed the revised forecast as a good thing. \n\n“They see this as a positive, that the debt burden will be less.”\n\n Kieran_Gilbert The criticism is ridiculous here. When they announced Jobkeeper, it was a forecast. At that point we had no idea how badly Australia would be hit. Many didn’t require it and others hadn’t done their tax or work in the cash economy. Kieran_Gilbert Well done. The leftists don't understand the difference between genuine resources and debt and how to use them. A country could take debt for infrastructure that will pay itself back, that's an investment. Taking debt for Welfare 'dilutes' the country's wealth and creates poverty Kieran_Gilbert Good
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JobKeeper error ‘opens the door’ for Labor to argue for greater spending | Sky News AustraliaThe Australian Financial Review’s Aaron Patrick says the government’s $60 billion JobKeeper accounting error is only a short-term political problem, but is a “medium and long-term political advantage”.\n\nThe government on Friday revealed a costing error by Treasury meant the wage subsidy scheme was initially forecast $60 billion higher than was required.\n\nIt is now estimated the JobKeeper program will cost the government $70 billion and will cover about 3.5 million workers.\n\nMr Patrick described the mistake as a “colossal own goal” for the government but has worked out entirely in its favour, and suggested it “keep the money in their pocket”.\n\nHe said the $60 billion discrepancy “opens up the door” and makes it easier for the Labor Party to “argue that the stimulus package isn’t as big as it needs to be”.\n\nDaily Telegraph columnist Miranda Devine told Sky News host Sharri Markson the accounting error is “symptomatic” of what has existed since the beginning of the pandemic, which is how the “modelling of experts has turned out to be way overblown”.\n\nImage: Getty The GFC lies worked for 12 years, imagine what $6000000000.00 will do. That’s not hand sanitizer.... Only Labor would be angry not as many Aussies had to sign up to the Job keeper program! This is a good thing
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JobKeeper 'badly implemented, badly communicated and badly budgeted' | Sky News AustraliaShadow Treasurer Jim Chalmers says the JobKeeper program has been “badly implemented, badly communicated and badly budgeted” which shows you cannot trust “a bad government with a good idea”. \n\nThe Australian Tax Office admitted the JobKeeper forms 'could have been clearer', after confusion over the first question resulted in the estimated budget being out by $60 billion dollars.\n\n“The $60 billion question is how can we ever believe anything that this treasurer or this government tells us about the budget or about the economy into the future,” Mr Chalmers said.\n\nImage: News Corp Australia Again, what’s your alternative policy Jim? Chalmers has all the red flags of a terrible Paul Keating just with even more taxes than before and no idea on how to force big miners to keep jobs here whilst slugging them huge taxes... muppet!!! I can't wait to find out how coming under budget is bad
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