Treasurer Josh Frydenberg has defended Treasury’s costing error, which saw the JobKeeper scheme initially forecasted $60 billion higher than was required, saying Australia was plunged into a crisis and responded to early economic forecasts. The treasurer has ruled out extending the JobKeeper eligibility after it was revealed the scheme will cover about 3.5 million workers instead of a projected 6.5 million workers.
“We’ve had much more success than we initially thought and that’s a good news story for Australia and it is also good news for the budget and for the bottom line because it means our borrowings will be $60 billion less than they otherwise would have been,” he said. The treasurer said he remained in support of the Treasury and its forecasts as the nation was placed in a unique position and responded to the forecasts at the time.
JoshFrydenberg Borderline personality Labour Party ranting; “What a terrible thing Morrison Government did by over estimating what was needed” to deal with a never before coronavirus pandemic, at the same time Labour is ranting; “Now that we got the money, let’s splash it up against the wall”..
JoshFrydenberg It seems all those who were deserving were supported and no-one was left behind. Should we be cranky?
JoshFrydenberg Borderline personality Labour Party ranting; “What a terrible thing Morrison Government did by over estimating what was needed” to deal with a never before coronavirus pandemic, at the same time Labour is ranting; “Now that we got the money, let’s splash it up against the wall”.
JoshFrydenberg
JoshFrydenberg Honestly how can they defend this incompetence?
JoshFrydenberg CORRUPT MORRISON GOVERNMENT TRYING TO BUY BUSINESS VOTES FAIL
JoshFrydenberg There was unrelenting criticism by the media of Labor when an error was made, but not with Murdoch’s fanzines now.
JoshFrydenberg WHY should anyone have to defend saving billions of $ for the country REALLY ! Media 'we don't care' Get over it Find something else to report on, or is there no decent manipulated news you can find
JoshFrydenberg Bureaucrats Treasury bungled JobKeeper numbers, Hmm? How much do we pay them?
JoshFrydenberg Shouldn't we be happy it's come in so far under?
JoshFrydenberg You call that a defense?
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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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$60 billion Treasury error sparks spending debate | Sky News AustraliaDebate is raging over what the government should do with the $60 billion dollar windfall from the JobKeeper bungle. \n\nA significant reporting error led Treasury to dramatically revise its projections for the Morrison government's JobKeeper program. \n\nThe 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. \n\nThe Treasury and Australian Tax Office were forced to admit those projections were wrong and the revised estimate of the cost of the JobKeeper program is now just $70 billion which is $60 billion less than the original forecast.\n\nUnions want the payments extended to more workers, while the government says the error will mean the burden of debt can be reduced. \n\nLabor and unions are placing pressure on the Coalition to use the money to extend the JobKeeper program to individuals previously excluded from payments such as casuals who had been in the job for less than 12 months and temporary visa holders.\n\nThere has also been a push to use the money to permanently increase the dole. \n\nImage: News Corp Australia It’s not a windfall. Only idiots want to spend it. what windfall? it's borrowed. just don't borrow it now caymans..
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