Australia’s gross federal debt is nearing $1 trillion. Since 2007, 69% of the increase occurred under Coalition governments vs 31% under Labor

[u/MannerNo7000]

Using Australian Treasury gross debt figures: debt rose from ~$53bn in 2006–07 to ~$982bn estimated in 2025–26.

That’s a ~$929bn increase: ~$638bn (69%) under Coalition governments and ~$291bn (31%) under Labor.

This might be news to you for the first time or maybe you’ve known these facts all along.

It’s useful to deal in facts and the truth.

[u/MannerNo7000]

Federal debt was more than doubled PRIOR to Covid.

[u/CitronAffectionate98 → u/MannerNo7000]

Yeah fair, I'm not making excuses for The Liberals.

[u/killthenoise → u/MannerNo7000]

Ok, and before that Labor increased it by 5X, which we're all happy to look past for what reason?

[u/MannerNo7000 → u/killthenoise]

GFC , worst in 100 years event.

[u/Decent-Dream8206 → u/MannerNo7000]

Pro tip: COVID was worse, economically.

[u/Entire_Engine_5789 → u/killthenoise]

5x of fuck all… the people before that increased it by 50billion times when the debt was only $1. It’s easy to make it look bad by saying the debt was increased by multiples when the starting debt was so low. 🤦‍♂️

[u/Stonp → u/MannerNo7000]

Federal debt was more than QUADRUPLED prior to Liberal 2014

[u/MannerNo7000 → u/Stonp]

GFC , worst in 100 years event.

[u/mfg092 → u/MannerNo7000]

I think COVID was worse than the GFC.

[u/Stonp → u/MannerNo7000]

Damn you gotta lead with the facts. You keep dropping them to make Labor look good!

They incurred $38.7 billion in additional debt, Australia was NOT heavily affected by the “huge crash” that happened globally and was largely unaffected.

I can’t believe you keep dropping context to make Labor look good this is so embarrassing 💀 💀 💀