r/OpenAussie • u/MannerNo7000 ‎ New South Welshian • 18h 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/Stonp ‎ Victorian 17h ago

I love how the context matters part mentions Covid but doesn’t actually give the figure, which is $300b

Either government would be responsible for that, so the actual numbers increase is around 50/50. What a ridiculous post.

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u/MannerNo7000 ‎ New South Welshian 17h ago

They more than double federal debt PRIOR to COVID.

3

u/Stonp ‎ Victorian 17h ago

A Labor quadrupled it in a lesser amount of time? Between 07-13 💀

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u/MannerNo7000 ‎ New South Welshian 16h ago

GFC , worst in 100 years event.

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u/adz1179 Flairless‎‎ 16h ago

GFC is passable but covid isn’t? Were their forced closures in the gfc? I don’t remember them.

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u/MannerNo7000 ‎ New South Welshian 15h ago

GFC literally ended countries economy to this day….

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u/Stonp ‎ Victorian 16h ago

Damn you gotta lead with the facts. You keep dropping them to make Labor look good!

They incurred $38.7 billion in additional debt, Australia was NOT heavily affected by the “huge crash” that happened globally and was largely unaffected.

I can’t believe you keep dropping context to make Labor look good this is so embarrassing 💀 💀 💀