Underspent JobKeeper won't be expanded, but tourism sector could get further support

Treasurer Josh Frydenberg

Source: AAP

The treasurer has hinted there might be more support for the tourism sector after a $60 billion accounting error in JobKeeper payments was uncovered.


The massively underspent JobKeeper scheme won't be expanded to workers who missed out, but it could be extended beyond six months for the battered tourism sector.

Finance Minister Mathias Cormann said the wage subsidy scheme was working as expected, despite a whopping $60 billion forecasting error.

Just 3.5 million workers have been enrolled for the $1500 fortnightly payments, rather than the 6.3 million that Treasury had estimated and budgeted for.

Read more here.


Share
Follow SBS Greek

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Greek-speaking Australians.
Stories from Australians who served in World War II, including some who are no longer with us.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
Greek News

Greek News

Watch it onDemand