Coalition MPs concede immigration pledge not fully costed by independent watchdog

Coalition MPs have admitted that their newly released immigration policy has not been fully costed by the independent Parliamentary Budget Office. This concession is significant because the PBO's analysis is crucial in determining the policy's impact on the economy. The policy's cost implications are essential for investors and traders, particularly those following the Australian economy, as it may influence interest rates and overall market sentiment.

Why it matters

The immigration pledge's lack of full costing by the independent watchdog creates uncertainty about the policy's financial impact. This uncertainty could affect investor confidence in the Australian economy.

Market impact

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