“The budget is "heaving with a trillion dollars in Liberal Party debt".”
What RMIT ABC Fact Check found
Mr Chalmers's claim is exaggerated. Australia's federal government debt can be measured in gross or net terms. When the Coalition left office, total net debt was closer to $500 billion than $1 trillion. Gross debt was higher, at nearly $900 billion, though not expected to pass the trillion dollar mark till sometime during the 2023-24 financial year, according to the March 2022 federal budget. On either measure, around a third of the debt existed before the Coalition came to power. Experts tol...
Their words, from the summary they publish with the rating.
In short
Jim Chalmers (Treasurer) made this claim around 7 October 2022. RMIT ABC Fact Check (Australia) looked into it and published its finding on 25 October 2022, 18 days later. Its rating was “Exaggerated”.
Jim Chalmers has 7 checked claims in this archive. Fact-checking organisations rated 0 of them false or fake, 3 misleading or mixed and 4 true.
Where the claim appeared
- ministers.treasury.gov.auhttps://ministers.treasury.gov.au/ministers/jim-chalmers-2022/transcripts/doorstop-interv…
- ministers.treasury.gov.auhttps://ministers.treasury.gov.au/ministers/jim-chalmers-2022/transcripts/interview-peter…
Links recorded by RMIT ABC Fact Check. Some posts may have been deleted since.
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.