The Central Victorian economy will be more than $3million worse off per fortnight when next week’s JobSeeker cut takes place.
Federal Member for Bendigo, Lisa Chesters has raised concerns at the timing of the cuts, with restrictions now eased across regional Victoria.
“There are roughly 10,000 people currently on JobSeeker in the Bendigo electorate, the $300/fortnight cut means there will be $3million ripped away from the local economy just as restrictions allow people to get out and spend locally,” Chesters said.
“Treasurer, Josh Frydenberg has the power to delay these cuts.”
The JobSeeker Coronavirus Supplement will fall from $550 to $250 a fortnight on September 24, meaning people on the program will receive $815 a fortnight.
“These cuts come in just as Central Victorians have the chance to get out and spend more on hospitality and retail – it is terrible timing,” Chesters said.
“People on any form of Government payment spend on local goods and services. They are doing their bit to support local businesses and local jobs.
“Cuts to JobKeeper will also be a huge economic hit to our local economy.”
Changes to the JobKeeper payment are due on September 28 and will see the payment fall from $1,500 to $1,200 a fortnight, whilst people working fewer than 20 hours a week will receive $750.
“Hundreds of local businesses are relying JobKeeper payments to stay afloat and will need this support as they slowly begin to reopen,” Chesters said.
“We are still in the midst of the pandemic here in Central Victoria.
“Now is not the time for the Government to be withdrawing economic support.
“Prematurely winding back support will cost local jobs and hurt the Central Victorian economy,” Chesters said.