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Australia Releases the Outlook for Net Overseas Migration
Monday, June 06, 2011
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A new report named "The Outlook for Net Overseas Migration: May 2011" has been released by the Minister for Immigration and Citizenship Chris Bowen. The report, which forecasts net migration levels in the coming years, is considered the first step towards a comprehensive annual report on Australia's future immigration levels.
According to Mr Bowen, from the new annual report, people can see short-term forecasts of Australia's future immigration levels for the first time to inform planning and investment decisions.
The level, composition and distribution of net overseas migration (NOM) across states, territories and regions over the medium term are the contents that will be forecast in the report.
Along with the report, there will be also a long-term migration planning framework that will look beyond the annual permanent migration program to examine both temporary and permanent migration over a number of years.
The first comprehensive annual report is expected to be released next year, with The Outlook for Net Migration will be released quarterly.
"The Outlook for Net Overseas Migration: May 2011" shows the latest economic outlook and other changes announced in the 2011-12 Budget. For instance, as can be seen from the outlook, NOM will continue to fall to about 160 000 people by June 2011.
"The government’s recent reforms have contributed to a decline in NOM levels by almost half from its peak of over 315 000 people for the year ending December 2008," said Mr Bowen.
In spite of the fall in NOM, the report projects that Australia will see a rise in the percentage of skilled migrants in NOM from around 25 per cent in 2009 to 43 per cent by 2014.
You can find the Outlook for Net Overseas Migration: May 2011 here.
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