If only Albo stuck to his migration targets

Friday 15 November 2024

In the months leading up to the 2022 federal election, Prime Minister Anthony Albanese promised that Labor would run a smaller immigration program if elected.

Then, in Labor’s first federal budget in October 2022, Labor walked back from its lower immigration promise, projecting that 470,000 net migrants would arrive over Labor’s first two years, the same volumes as the pre-COVID levels.

Source: October 2022 Federal Budget

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.