Labor cannot be trusted on immigration

Friday 16 August 2024

In Labor’s first federal budget in October 2022, it forecasted net overseas migration (NOM) of 470,000 over its first two years (FY 23 and 24):

Source: October 2022 Federal Budget

Instead, Labor delivered around one million NOM, more than double Labor’s projection:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.