The Federal Treasury has admitted a "significant error" in the Morrison government's JobKeeper application form has greatly inflated the number of people using the scheme and its total cost.
In a statement released on its website, the department revealed the $130 billion program - the centrepiece of the government's response to the coronavirus pandemic - was likely to cost $70 billion and cover 3.5 million workers, rather than more than 6 million.
It said a tax office review of the enrolment forms used by businesses to apply for the scheme had found about 1000 firms had made "significant errors" when estimating the number of staff who would use the program.
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