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Frydenberg reveals $1.7bn childcare package ahead of job-focused budget

Frydenberg reveals $1.7bn childcare package ahead of job-focused budget
accountantsdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountantsdaily.com.au Daily Mail and Mail on Sunday newspapers.

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Forget JobKeeper — what the government and the country need now is a JabMaker plan

It might be “comfortably below” the Coalition’s 6% threshold for commencing “fiscal repair” (another term for unpopular spending cuts), but the government is under unforeseen political pressure and is anything but relaxed and comfortable.
In any event, this 5.6% figure was from March, which is an important detail because it predated the wind-up of the JobKeeper wage subsidy.
Who knows what that means.
It could mean nothing much or we might see an uptick in jobs lost — employees shed from debt-addled “zombie” firms, which survived the crisis only to perish in the recovery.
At $90-plus billion, the JobKeeper wage subsidy scheme was the biggest single program in Australian history. And by any metric, it was a shining success. Any metric that is, if you exclude the country’s fourth biggest pre-pandemic export sector, education.

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