“People know that debt has never been higher, deficits have never been higher.”
What RMIT ABC Fact Check found
Mr Albanese is wrong. Historical data shows that debt and deficit, when measured against GDP, were higher in the years following the world wars when compared with current levels. It is this measure economists use to make comparisons over time for debt and deficit, rather than nominal figures, which do not take into account the size of the economy.
Their words, from the summary they publish with the rating.
In short
Anthony Albanese (Opposition Leader) made this claim around 19 April 2022. RMIT ABC Fact Check (Australia) looked into it and published its finding on 2 May 2022, 13 days later. Its rating was “Wrong”.
Anthony Albanese has 11 checked claims in this archive. Fact-checking organisations rated 2 of them false or fake, 4 misleading or mixed and 5 true.
This check was done by RMIT ABC Fact Check, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.