Australian PoliticsImmigration

Are the budget’s migration forecasts already looking shaky?

Leith van Onselen
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Net overseas migration (NOM) has routinely exceeded the Albanese government’s forecasts since coming to office in mid-2022.

Nom forecast vs reality

Chart by Tarric Brooker (Avid Commentator)

As a result, the Albanese government has let in an unprecedented number of migrants during its reign.

NOm per day in office
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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.
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