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Cutting Migration Costs the Budget | Sydney News
Description
Australia’s immigration debate just got a lot more expensive: cutting migrant numbers could cost the government over $80 billion over ten years, according to the Parliamentary Budget Office. Migrants are fiscally beneficial—they’re young, educated, and quickly contribute through taxes and economic activity. But slashing visas risks triggering budget crises, forcing politicians to either slash other spending or raise taxes. Balancing economic needs with social pressures like housing and infrastructure is key, and any drastic cuts could backfire—making this a high-stakes fiscal and political tightrope walk.
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