Please Explain podcast: behind the JobKeeper bungle

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For the duration of the COVID-19 crisis, Please Explain is coming to you five days a week.

Federal Treasury revealed on Friday that instead of supporting 6.5 million workers and costing $130 billion over six months, the JobKeeper subsidy was now expected to support 3.5 million people and cost the budget $70 billion in that time.

In today's episode, senior economics correspondent Shane Wright joins national editor Tory Maguire to explain how the JobKeeper subsidy was miscalculated to the tune of $60 billion.

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