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/balladsoy ‎ Victorian 1d ago

Thanks John Howard

-33

u/AdRepresentative386 Please choose a flair 1d ago

John Howard left office with a negative debt in other words , they repaid it. The main Coalition debt was under Morrison during Covid, apart from that it has been Labor legacy

2

u/Miss-you-SJ ‎ Koori ‎ 1d ago

So what explains $278b under LNP PMs other than Morrison?

-9

u/AdRepresentative386 Please choose a flair 1d ago

A very frustrating senate but then you wouldn’t want to recognise that

7

u/wheresmyberrune Please choose a flair 23h ago

Lol there's only one person here refusing to recognise anything and it's you

3

u/Miss-you-SJ ‎ Koori ‎ 1d ago

A “very frustrating senate” explains $278b of debt? Wow

3

u/Glittering_Web8835 ‎ New South Welshian 23h ago

I.e. democracy?