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In July, the Parliamentary Budget Office (PBO) released an analysis showing how changes in the volume of net overseas migration (NOM) would impact the federal budget balance.
The PBO claims that the federal budget balance would improve by around $80.6 billion over 11 years under the scenario of ‘Higher’ NOM (+40,000 migrants), while a scenario of ‘Lower’ NOM (-40,000 migrants) results in a deterioration of around $79.1 billion.
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A few weeks back, The AFR’s Luke Kinsella claimed that One Nation’s planned 130,000 cap on three types of visas: permanent residents, students and temporary skilled workers would cost the federal budget $591 billion over 10 years.
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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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