Treasurer warns of subsidy dangers

Original article by Geoff Chambers, Richard Ferguson
The Australian – Page: 1 & 6 : 29-Mar-21

Treasurer Josh Frydenberg says the federal government will continue to provide economic stimulus following the end of the JobKeeper scheme on 28 March. He has flagged further targeted support for sectors that have been hardest hit by the COVID-19 pandemic, and says the wage subsidy scheme had ‘stemmed the tide’ of coronavirus-induced job losses. However, he cautions that fiscal discipline is also necessary to prevent higher taxes and higher debt in the future. Shadow treasurer Jim Chalmers says JobKeeper should have been extended in a "responsible, temporary, and targeted fashion", and he has warned that the Coalition will be responsible for any job losses in coming weeks.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY

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