Treasury defends JobKeeper rorters

Earlier this year, the Parliamentary Budget Office (PBO) revealed that a whopping $13 billion (over 13% of the $98 billion wage subsidy) was handed to nearly 200,000 companies that received JobKeeper payments but whose profits rose:

JobKeeper payments

Yesterday, the Australian Treasury released a paper defending these overpayments on the grounds that doing so would have stifled the economic recovery:

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