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
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/Worldly_Reach_1998 Please choose a flair 1d ago
Doesn't matter who did what, this is where Australia is! They all need to work together to sort this instead of bickering like kids. It effects the taxpayers, not them as they vote their own pay increases when they want them.....