Australian Treasury Secretary Steven Kennedy admitted to a Senate inquiry this week that the Albanese government would easily exceed the May federal budget’s net overseas migration (NOM) projections.
“Lower-than-expected migrant departures mean that net overseas migration is likely to be higher in 2023-24 and 2024-25 than forecast at budget”, he said.
“Rather than depart, many migrants have extended their stay by applying for new visas, including permanent visas”.
