The Migration Myth: Separating Fact from Rhetoric in Australia's Budget Debate The latest numbers from the Parliamentary Budget Office (PBO) have set off alarm bells in Canberra, warning that cutting immigration will send the nation deeper into debt and compromise the budget's balance.
The PBO's report highlights a stark reality: every additional migrant brings in an estimated $2. 5 billion in revenue over their lifetime.
This is no minor consideration when you're talking about Australia's budget, which is projected to carry a debt of 33% of GDP by 2026.