But Treasurer Josh Frydenberg reiterated JobKeeper had served its purpose and would end as planned next Sunday, as he noted the program had pumped almost $1 billion into the ACT economy since it was rolled out amid the worst of the economic crisis.

Labor has analysed Treasury figures to forecast the impact to Canberra workers and businesses when the financial lifeline is pulled on March 28.

About 3147 businesses and 9687 employees in the ACT are expected to still be receiving the wage subsidy until its conclusion, according to the opposition's research. That amounts to about $9.3 million a fortnight - or $4.6 million a week - worth of payments.

Belconnen will be the region most affected, according to the figures, with more than 550 businesses across the district's suburbs to lose support later this month. Gungahlin will also feel the blow, with more than 500 businesses in Canberra's north still relying on the wage subsidy.

With Australia's border still shut to international travel and the vaccine rollout off to a slow start, Labor has urged the Morrison government to extend JobKeeper to businesses struggling to recover from the economic crisis.

"The Morrison government is rolling out vaccines too slowly, and pulling JobKeeper support from the ACT economy too quickly," opposition treasury spokesman Jim Chalmers said.

"Both of these things will have consequences for ACT jobs.

"Nobody is saying that JobKeeper should go on forever, but it should be tailored and targeted to what's actually going on in local communities and local economies."

While the Morrison government has committed $1.2 billion to prop up the the aviation and tourism industries beyond JobKeeper, other hard-hit sectors - such as live music and entertainment - are set to miss out on extra ongoing support.

Canberra musicians and industry figures last month warned the local scene might never rebound to its pre-pandemic level if the subsidy was pulled and no similar assistance was offered in its place.

In a statement to The Canberra Times, Mr Frydenberg repeated that while JobKeeper had been a "remarkable program, it was no longer fit for purpose" as the Australian and ACT economies continued to recover from the economic crisis.

In justifying the decision to end the scheme, he again pointed to Treasury's review which found the subsidy could create disincentives to work and sustain otherwise unviable businesses.

Canberra businesses and workers had already received $966 million in wage subsidy payments between April and January, according to figures provided by the treasurer's office.

In a sign of Canberra's recovery, Mr Frydenberg said 34,500 workers and 7300 businesses had "graduated" off the wage subsidy by January, a 77 per cent decline from its peak last year.

He also pointed out that employment levels in the nation's capital now exceeded the pre-pandemic rate.

Mr Frydenberg again acknowledged the end of JobKeeper would not be without its challenges.

"We know that the transition will be challenging but it is one that can be managed and one that must be managed as keeping in place an economy-wide JobKeeper program is not the best way to deal with the areas of the economy that remain disproportionately affected," he said.

The treasurer's office had slightly different figures to Labor on JobKeeper recipient numbers. It said preliminary data showed there were about 2900 businesses and 10,000 workers still on the payment in January.

Our journalists work hard to provide local, up-to-date news to the community. This is how you can continue to access our trusted content: