An Australian Bureau of Statistics (ABS) has this week announced that migrant tax payers have generated $53.4 billion in total personal income in 2011-12, an increase in real terms of 17 per cent on 2010-11.
CEO of Migration Council Australia Carla Wilshire welcomed the report’s findings and said that the data demonstrates the true value of migrants strengthening Australia’s economy. The report shows the skilled migration and the economic contribution that skilled migrants make to the Australian budget bottom line.
“The skilled migration program is one of Australia’s greatest success stories and growth in migrant income over time indicates that migrants are successfully integrating into the Australian community. This data reinforces what we already know. Skilled migrants are willing participants in the Australian economy and represent a growing group of taxpayers who will contribute meaningfully to the country and to our society over the course of their life,” said Ms Wilshire.