Budget loses billions, nation in deeper debt: The cost of cutting migration

Australia’s budget faces a potential loss of $79.1 billion if migration is cut by 40,000 people, according to the Parliamentary Budget Office. The report highlights that increasing annual migrant intake by 40,000 could improve the budget's balance by $80.6 billion over a decade. Political parties are now grappling with the implications of these fiscal challenges.

Summary by OZbrief Editorial · SMH · Source