SYDNEY (BLOOMBERG) - An Australian Senate committee will call on Treasurer Josh Frydenberg to explain how the government overestimated the size of a jobs-rescue package by A$60 billion (S$55.8 billion).. Read more at straitstimes.com.
SYDNEY - An Australian Senate committee will call on Treasurer Josh Frydenberg to explain how the government overestimated the size of a jobs-rescue package by A$60 billion .
The initial flood of applications seemed to validate the government's estimate, but Frydenberg acknowledged on Friday that hundreds of firms had incorrectly filled out forms, and that the program was now expected to cost A$70 billion.
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