The Australian Industry Group has once again urged the federal government to increase the inflow of skilled refugees to Australia to make up for the skill shortages and boost economy.
Though the frequency of refugee entrants is quite significant, AIG wants it to increase even more. No matter how negatively the job market would be affected by the increased influx of refugees, to grow the economy, more skilled labour is required, the business lobby group said. The number of refugees in Australia has affected the infrastructure deficit negatively to a significant extent, according to the Courier Mail.
The AIG intends to see a decline in labour costs along with an enhanced market consisting of significant business members. The demand for increase in the influx of refugees came following its submission for the May federal budget. In its report, the group has recommended certain reductions applicable to both government expenditure as well as level of tax company levies.
The report’s main focus was on the tax cuts applicable with a slight suggestion of increasing immigration level to 220,000 annually. This would lead to “both with a strong emphasis on skilled migration and by lifting the Syrian refugee intake.”
“AI Group encourages the Government to lift its annual migration planning level from 190,000 where it has been for several years to 220,000 for 2016-17 and beyond,” the submission report stated. “We propose that emphasis be given to the skilled migration portion of the program and especially the demand-driven components of the skilled migration program.”
“AI Group also supports prudently raising the number of refugees from Syria to further increase Australia’s contribution to this global challenge.”
According to The Australian, the group has specified that the present fiscal status is quite “unsustainable” and hence it required sufficient cut on expenditure. The foodmad.com.au stated that the lobby group, which includes businesses from manufacturing as well as engineering sectors, recognised the cuts in taxes to be recovered from non-mining sector boom.