“We have inherited the worst set of budget books.”
What RMIT ABC Fact Check found
Senator Gallagher's claim is wrong. On two key economic indicators, debt and deficit, previous incoming governments have inherited worse "budget books". The only fair way to make historical comparisons is to take into account the size of the economy and measure the indicators as a proportion of GDP. On this basis, gross debt levels were historically much higher for previous incoming administrations than the figure faced by the new Labor government. Similarly, the deficit as a percentage of GD...
Their words, from the summary they publish with the rating.
In short
Katy Gallagher (Minister for Finance) made this claim around 29 May 2022. RMIT ABC Fact Check (Australia) looked into it and published its finding on 7 June 2022, 9 days later. Its rating was “Wrong”.
Where the claim appeared
- financeminister.gov.auhttps://www.financeminister.gov.au/transcript/2022/05/29/abc-insiders
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.