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What modelling, if any, has she requested on the fiscal consequences of a significant reduction in net migration, including impacts on GDP growth, tax revenue, and labour supply?

Corrected reply Question 11416 (2026)
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Asked by

Barbara Edmonds

Member for Mana · Labour Party

Question

  • What modelling, if any, has she requested on the fiscal consequences of a significant reduction in net migration, including impacts on GDP growth, tax revenue, and labour supply?

Answered by

Hon Nicola Willis

List MP · National Party · Minister of Finance

Answer

Corrected reply: The Treasury is incorporating assumptions about current and projected annual net migration into the forecasts underpinning the 2026 Budget Economic and Fiscal Update. Given budget sensitivity, I cannot disclose the impacts at this stage.