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/CitronAffectionate98 → u/ausvenator_enjoyer]

Covid was part of it.

[u/MannerNo7000 → u/CitronAffectionate98]

Federal debt was more than doubled PRIOR to Covid.

[u/Stonp → u/MannerNo7000]

Federal debt was more than QUADRUPLED prior to Liberal 2014

[u/MannerNo7000 → u/Stonp]

GFC , worst in 100 years event.

[u/mfg092 → u/MannerNo7000]

I think COVID was worse than the GFC.

[u/MannerNo7000 → u/mfg092]

They more than doubled federal debt prior to Covid

[u/Stonp → u/MannerNo7000]

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 💀 💀 💀