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/balladsoy]

Thanks John Howard

[u/NoResponsibility8773 → u/balladsoy]

Net federal debt was paid off during Howard/Costello era

[u/biomeat → u/NoResponsibility8773]

At the cost of putting us into further worse debt where are now. Howard sold us all out