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The Times

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...

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