“The Coalition left Labor a trillion dollars of debt and Labor was only responsible for "a tiny fraction".”
What RMIT ABC Fact Check found
Mr Chalmers's claim is spin. When the Coalition left office in March 2022, Labor was left with $888 billion of gross debt, or $517 billion of net debt. But while most of that debt was accrued during the Coalition's term, a sizeable chunk was inherited from the previous Labor government. Labor's share amounted to either 25 per cent of gross debt ($218 billion), or 31 per cent of net debt ($161 billion). In neither case did this represent a "tiny fraction" of the total. Experts consulted by Fac...
Their words, from the summary they publish with the rating.
In short
Jim Chalmers (Treasurer) made this claim around 13 April 2023. RMIT ABC Fact Check (Australia) looked into it and published its finding on 8 May 2023, 25 days later. Its rating was “Spin”.
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/interview-sarah…
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.