JobKeeper numbers blow past official projection

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The number of Aussies on JobKeeper now exceeds 6.3 million, blowing past the Morrison Government’s initial projection of 6 million:

More than 6.3 million people are enrolled for the wage subsidy, already above the 6 million forecast, putting the scheme on track to blow past the $130 billion budgeted cost unless changes are made after a Treasury review due by June.

Some 895,978 entities are registered…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.