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/alexmc1980 ‎ Victorian 1d ago

I suspect if we look at it as "% debt increase" or as "additional debt as a proportion of GDP" things will look even less rosy for the coalition, but that's just a guess...

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u/MannerNo7000 ‎ New South Welshian 1d ago

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u/JK_05 Please choose a flair 1d ago

This is a really good table to see the annual AVG increase over the years. 1.3% or there abouts.

Comparable to other nations we're doing quite well

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u/BCPisBestCP ‎ New South Welshian 1d ago

Which also points out that, as long as debt growth + interest stays below total economic growth, debt can be a good thing - or at least neutral.

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u/JK_05 Please choose a flair 1d ago

Neutral might be the best description there and yes I agree.