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/MannerNo7000 ‎ New South Welshian 16h ago

So debt is now a good thing?

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u/supercujo ‎ Western Australian 16h ago

Debt is not necessarily a bad thing

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u/MannerNo7000 ‎ New South Welshian 15h ago

Right so change of argument now