More than $13 billion in JobKeeper payments were given to businesses which recorded increases in revenue, fuelling accusations from Labor that the wage subsidy was the biggest budget waste in Australia’s history.
New figures from Parliament’s budget watchdog reveal that almost 200,000 firms which received JobKeeper payments posted rises in business revenue during the first six months of the program last year.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
