Frydenberg hints at JobSeeker boost

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Treasurer Josh Frydenberg hinted over the weekend that the federal government would announce a permanent lift in the JobSeeker unemployment payment before the end of March when the Coronavirus Supplement is scheduled to end.

Cabinet’s expenditure review committee is reportedly set to meet within the next week to finalise a package that will enshrine an effective permanent rise in the JobSeeker rate above its poverty level of $40 a day.

A ­senior government source informed The Australian that the Morrison Government aims to ­introduce legislation next week to ensure enough time to pass both houses and come into ­effect before the Coronavirus Supplement ends.

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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.