Shadow Treasurer Jim Chalmers says the JobKeeper program saw “record-setting waste” which occurred on Treasurer Josh Frydenberg’s watch.

Mr Chalmers said he believed JobKeeper was a “really good idea” which was “really badly mismanaged by Josh Frydenberg”.

“This report today is actually a stunning admission of failure from Josh Frydenberg, that billions of dollars were wasted on businesses which didn’t need help,” Mr Chalmers told Sky News Australia.

“At the same time, as other small businesses which did need his support were needlessly excluded.

“So, it’s a pretty remarkable thing to release, he’s released a report into his own policy which shines a light on the record-setting waste that has happened on his watch.”

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