This is what The Australian quoted from the independent report....

This is what The Australian quoted from the independent report.

The $88bn poured into JobKeeper during the worst of the Covid pandemic delivered value for money by preserving employment, supporting incomes especially among poorer Australians and preventing large-scale business failures, a new analysis finds.
The emergency welfare policy stabilised the Australian economy at a time of enormous economic uncertainty, saving between 300,000 and 800,000 jobs, an independent report into the scheme commissioned by federal Treasury concludes.
JobKeeper was also well-managed, the report finds, and “implemented with incredible speed” as it balanced the rapid rollout of payments against the risk of error and fraud

While the original cost of JobKeeper was estimated to be $130bn for the first six months, the entire scheme cost $88.8bn.
The report, conducted by former senior Treasury official and ex-International Monetary Fund executive director Nigel Ray, gives the JobKeeper policy strong support.
“JobKeeper helped to stabilise the Australian economy during a crisis. It preserved employment, supported incomes and prevented large-scale business failures during the pandemic,” it says.
“Overall, JobKeeper provided value for money through its broad social benefits and the role it played in addressing extraordinary and unquantifiable uncertainty and averting the worst economic tail risks of the pandemic.”
The scheme’s rollout also receives a tick. “(It) was implemented with incredible speed and was well managed. In the circumstances, implementation struck an appropriate balance between rapidly deploying support and managing risks of error and fraud,” the report finds.

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