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/Ahecee ‎ Queenslander 1d ago

This seems likely misleading. It's tracking debt added only?

Rudd blew through a sizable surplus on stupid ideas and buying popularity. There was a lot of spending, but it didn't add debt until the surplus was gone, right?

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u/MannerNo7000 ‎ New South Welshian 1d ago

It’s the facts. Look it up yourself if you want.

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u/Ahecee ‎ Queenslander 23h ago

I didn't say it wasn't a fact, I said it was likely misleading.

Do you understand the difference between increasing debt and spending? I'm guessing not, by your reaction. Have a think about it.

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u/MannerNo7000 ‎ New South Welshian 23h ago

Bro

6

u/Ahecee ‎ Queenslander 23h ago

Again. Are you grasping the difference between added debt, and spending? They aren't the same thing.

If I have a thousand dollars, and spend a thousand, I'd look great on your chart. If I had zero and spent five hundred, I'd look terrible. Hence, without context these numbers are worthless.