Friday, 10 April 2026

The LIAR Jim Chalmers about debt:

 

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

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