Summary
- Treasury warns opposition’s plan to cut migration would create a multi-billion-dollar budget hole and worsen skill shortages in key areas.
- Coalition proposes reducing permanent migration intake to 140,000 for two years, potentially freeing up 40,000 homes.
- Labor estimates opposition’s budget contains a $40 billion gap, with potential damage to the economy and skills base.
- Despite government cuts to migration numbers, Chalmers says reductions would only have marginal impacts.
