The federal government announces 4 billion plan to encourage the employment of younger workers

The federal government announced a new Jobmaker scheme that believes will provide financial incentives to employers to hire almost half a million young workers.

Australian Treasurer Josh Frydenberg speaks to the media during a press conference inside the Budget lockup. Source: AAP

The JobMaker hiring credit will subsidise businesses so they can hire staff aged between 16 and 35.

It will be paid in two different amounts, depending on the age of staff hired under the scheme.

Businesses will be paid $200 a week for staff aged between 16 and 29. They will receive a subsidy of $100 a week for staff aged between 30 and 35.

You can read more in English here.