Migration a net boost to economy

Original article by Simon Benson, Sam Buckingham-Jones
The Australian – Page: 1 & 6 : 17-Apr-18

The Treasury and the Department of Home Affairs have released a report which highlights the economic benefits of Australia’s immigration policy. It concludes that at current levels, the nation’s permanent migrant intake will boost average GDP growth by between 0.5 per cent and one per cent annually over the three decades to 2050. Amongst other things, the report estimates that skilled migrants who were granted permanent visas in 2014-15 will make a combined net contribution of $A6.9bn to government revenue over their lifetime. Treasurer Scott Morrison says the report supports the government’s policy of not having a fixed annual permanent migrant intake.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF HOME AFFAIRS, LIBERAL PARTY OF AUSTRALIA

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