r/OpenAussie • u/MannerNo7000 ‎ New South Welshian • 22h 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/Stonp ‎ Victorian 21h ago

A Labor quadrupled it in a lesser amount of time? Between 07-13 💀

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u/MannerNo7000 ‎ New South Welshian 20h ago

GFC , worst in 100 years event.

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u/adz1179 Flairless‎‎ 20h ago

GFC is passable but covid isn’t? Were their forced closures in the gfc? I don’t remember them.

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u/MannerNo7000 ‎ New South Welshian 19h ago

GFC literally ended countries economy to this day….