The Australian's Adam Creighton says the $60 billion dollar JobKeeper bungle is the “best news we’ve had for quite a few months”.
He said the government should introduce a “second test” on the JobKeeper program to try and reduce the cost “from $70 billion dollars to something like $40 or even $30 billion dollars”.
Sky News host Peta Credlin said while the Treasury reporting error was significant, “the country is essentially $60 billion dollars less in debt, and it's a sign that the economic downturn may not be as bad as we initially thought”.
This view has been supported by a series of polls which found business leaders believe it will be another 12 months before the crisis is over, but are feeling more confident than they were two months ago.
Image: AP
