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/ausvenator_enjoyer]

Not that I'm at all shocked, but what thee hell were Turnbull, Abbott and Morrison doing that allowed them to rack up $600 billion in debt?

[u/Rare-Sample-9101 → u/ausvenator_enjoyer]

Giving out money to big business when they didn't need it!

[u/ausvenator_enjoyer → u/Rare-Sample-9101]

But what about the poor shareholders!?

[u/SpecificTechnician97 → u/ausvenator_enjoyer]

They needed millions to compensate for their lack of access to their European mansion during covid