Coalition MPs concede immigration pledge not fully costed by independent watchdog
The Australian Coalition has admitted that its new policy to significantly reduce net overseas migration has not yet been fully costed by the independent Parliamentary Budget Office. While the opposition claims the plan is budget neutral based on internal analysis, critics and business sectors warn the targets could negatively impact the economy.
Why it matters
This highlights transparency issues in political policy-making and the potential economic consequences of aggressive migration caps.
On Tuesday, Angus Taylor announced a Coalition policy that would reduce net overseas migration to 100,000 for two years. Photograph: Bianca de Marchi/AAP On Tuesday, Angus Taylor announced a Coalition policy that would reduce net overseas migration to 100,000 for two years. Photograph: Bianca de Marchi/AAP Angus Taylor Coalition MPs concede immigration pledge not fully costed by independent watchdog Angus Taylor says opposition ‘worked closely’ with Parliamentary Budget Office but Liberal sources say it has not yet conducted a full analysis of the policy
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Prefer the Guardian on Google Coalition MPs concede the party’s newly released immigration policy has not been costed in full by the Parliamentary Budget Office (PBO), despite Angus Taylor defending the plan as “budget neutral”.
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