Last night’s federal budget included the below table showing that net overseas migration (NOM) would be 235,000 every year from 2022-23 onwards:
![Budget NOM forecast](https://www.macrobusiness.com.au/wp-content/uploads/2022/10/Capture-282.png)
This projection is in line with the latest Intergenerational Report, which tips 235,000 NOM into eternity:
![Australia's net overseas migration](https://www.macrobusiness.com.au/wp-content/uploads/2022/02/Capture-495.png)
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Because of this strong projected immigration, Australia’s population is tipped to grow by 357,000 (1.4%) in 2022-23 and by 369,000 (1.4%) in 2023-24:
![Population growth](https://www.macrobusiness.com.au/wp-content/uploads/2022/10/Capture-283.png)