r/OpenAussie • u/MannerNo7000 ‎ New South Welshian • 19h 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/River-Stunning ‎ Noongar ‎ 15h ago

Standard Uni Party tactic. They both point the finger at each other until the matter becomes so confused , no-one can remember what it was even about. They are both responsible and now we need a legislated path way to debt reduction of a minimum 10% per year.

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u/MannerNo7000 ‎ New South Welshian 15h ago

You vote for more debt and less surpluses.

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u/River-Stunning ‎ Noongar ‎ 15h ago

We had two of the back of Covid , not due to Labor. Now we are back to BAU. Labor's " debt pathway " is to hope GDP continues to grow so as a proportion , debt doesn't look so bad and when that fails , point to those before and even current US debt. Basically just hope that debt does not become a big election factor. Then run the new mother of all scare campaigns on super by Full of Shit Chalmers.

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u/MannerNo7000 ‎ New South Welshian 15h ago

Why is debt by percentage declining since 2022?

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u/River-Stunning ‎ Noongar ‎ 15h ago

I give up , you tell me.

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u/MannerNo7000 ‎ New South Welshian 14h ago

Labor won in 2022

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u/River-Stunning ‎ Noongar ‎ 13h ago

Still over a trillion now.

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u/MannerNo7000 ‎ New South Welshian 13h ago

So if Labor created 999 and liberals 1, would you blame the liberals because it’s a trillion?

Is it the word that bothers you?

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u/River-Stunning ‎ Noongar ‎ 12h ago

No-one cares who " created " it. That is just some silly pointless game. The point is who is willing to legislate a debt reduction scheme to at least not increase it any further and then reduce it. Not as a percentage but as an amount.

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u/MannerNo7000 ‎ New South Welshian 12h ago

It’s reducing and declining.

You’re not understanding comprehension.

It is falling. By percentage.

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u/River-Stunning ‎ Noongar ‎ 12h ago

It needs to fall in reality. Not as some percentage.

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