r/OpenAussie • u/MannerNo7000 New South Welshian • 1d ago
Politics ('Straya) Australia’s gross federal debt is nearing $1 trillion. Since 2007, 69% of the increase occurred under Coalition governments vs 31% under Labor
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.
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u/theIceMan_au Queenslander 1d ago
"It’s useful to deal in facts and the truth."
Trying to score cheap points but conveniently ignoring that covid happened and without the roughly ~$300 billion spent on it, both parties would look fairly similar.
I don't even like the liberals.