Peter Dutton’s migration cuts would cost budget $34bn over coming decades, thinktank calculates

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 98%

Australia Headlines News

Australia Latest News,Australia Headlines

Grattan Institute estimate backs Jim Chalmers’ claim move would cost ‘billions’ – but opposition leader labels treasurer’s statement ‘voodoo economics’

Peter Dutton promised in his budget reply that a Coalition government would cut the number of permanent migrants to Australia.Peter Dutton promised in his budget reply that a Coalition government would cut the number of permanent migrants to Australia.Peter Dutton’s cuts to migration over four years would cause a $34bn hit to the federal budget over coming decades, an independent thinktank has said.

The Coalition has since clarified this would be accompanied by a target of 160,000 for net migration, a policy it claims would be achieved by international student caps, Is immigration to blame for everything that is wrong with this once great country? Australia says yes! | First Dog on the MoonBased on Dutton’s claim on Monday that two-thirds of the permanent intake would be via skilled visas, Wiltshire estimated that over the forward estimates the long-term cost to government budgets would be $34bn over those migrants’ lifetimes in Australia.On Monday Dutton rejected Chalmers’ claim that migration cuts would cost billions.

“I believe very strongly that there is enormous economic growth in what we’ve proposed, because Australians are much wealthier if they’re able to buy their own home and see the price of that home appreciate over time.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Westpac HY profit falls to $3.34bnBanking giant Westpac has recorded a 16 per cent slide in half-year profits to $3.34bn, with CEO Peter King warning of a “slowing economy and competitive banking sector” in the company’s latest results.
Source: newscomauHQ - 🏆 9. / 77 Read more »

Anglo American rejects new £34bn offer from mining rival BHPAustralian company says FTSE 100-listed group’s board did not engage with its all-share approach
Source: GuardianAus - 🏆 1. / 98 Read more »

Breast cancer: How women can halve risk using tool from Peter MacCallum Cancer CentreThe science is sound but is not widely known that many women at increased risk of breast cancer can halve the risk with “anti-hormone” drugs.
Source: FinancialReview - 🏆 2. / 90 Read more »

Peter Dutton compares ‘river to the sea’ chants at pro-Palestinian protests to HitlerOpposition leader’s comments ‘a very bad faith’ reading of protestors’ chant, Jewish Council of Australia says
Source: GuardianAus - 🏆 1. / 98 Read more »

Peter Jackson and Andy Serkis to work on new Lord of the Rings filmHunt for Gollum to be first in a new set of films due to release in 2026, and will be directed by and star Serkis, who ‘has unfinished business with that stinker – Gollum!’
Source: GuardianAus - 🏆 1. / 98 Read more »

Australian director Peter Weir to receive lifetime achievement award at 2024 Venice Film FestivalThe Australian has directed many cult classics including The Cars That Ate Paris and The Truman Show.
Source: abcnews - 🏆 5. / 83 Read more »