Business
JobSeeker set for increase as data shows it could cost less than $3 billion a year – Sydney Morning Herald
The JobSeeker payment to unemployed Australians will be boosted with an announcement on Tuesday.
Business and social groups fear a snapback to the pre-virus JobSeeker level will hurt the economy and leave many households in hardship but the government also faces budget pressures with a record deficit of almost $200 billion forecast for this year.
Deloitte Access Economics estimates a permanent $80-a-fortnight increase in JobSeeker, if it included a similar-sized boost to the Youth Allowance, would cost about $2.7 billion this year.
Over three full years it would cost the budget more than $7.5…
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