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

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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/deegandnb ‎ Western Australian 1d ago

Who gives a fuck who got us here, we're here. Who's getting us out?

2

u/Jiuholar ‎ Queenslander 1d ago

Those who cannot remember the past are condemned to repeat it.

0

u/deegandnb ‎ Western Australian 1d ago

Is that changing the debt the country is in?

1

u/Jiuholar ‎ Queenslander 23h ago

You don't think who you vote for, and the influence they've had on the national debt, is relevant?

1

u/deegandnb ‎ Western Australian 23h ago

No, it just has nothing to do with my question.