The Albanese government’s net overseas migration (NOM) forecasts have consistently undershot the actual outcomes.
![Nom forecast](https://api.macrobusiness.com.au/wp-content/uploads/2024/05/NOM-forecast-2022-23-Budget.png)
Source: 2022-23 Federal Budget
Last year’s federal budget forecast 400,000 NOM for 2022-23. The actual official figure came in at 528,500 for 2022-23.