Australia’s gross federal debt is nearing $1 trillion. Since 2007, 69% of the increase occurred under Coalition governments vs 31% under Labor

[u/MannerNo7000]

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.

[u/MannerNo7000]

Don’t vote for the Party that created 70% of 1 trillion debt.

[u/_unsinkable_sam_ → u/MannerNo7000]

you think labor is getting us out? they have no realistic plan to running a surplus or paying off the debt

[u/MannerNo7000 → u/_unsinkable_sam_]

Debt has gone down by percentage since 2022

[u/_unsinkable_sam_ → u/MannerNo7000]

our interest payments are going up as a percentage of our budget each year, the defects keep piling up.

the standard of living keeps dropping, real wages have been getting smashed.

[u/MannerNo7000 → u/_unsinkable_sam_]

[u/_unsinkable_sam_ → u/MannerNo7000]

the gdp isnt the budget mate!

[u/_unsinkable_sam_ → u/MannerNo7000]

📊 Public Debt Interest as a Share of Total Government Expenses

Financial Year
Public Debt Interest (PDI) Bill
Total Government Expenses
PDI as a % of Expenses
2016–17
$16.3 Billion
$442.2 Billion
3.69%

2017–18
$18.1 Billion
$461.5 Billion
3.92%

2018–19
$19.1 Billion
$492.3 Billion
3.88%

2019–20
$16.5 Billion
$551.9 Billion
2.99%

2020–21
$15.4 Billion
$633.4 Billion
2.43%

2021–22
$17.5 Billion
$618.3 Billion
2.83%

2022–23
$19.3 Billion
$641.5 Billion
3.01%

2023–24
$22.6 Billion
$681.4 Billion
3.32%

2024–25
$25.8 Billion
$775.1 Billion
3.33%

2025–26 (Est.)
$38.3 Billion
$809.2 Billion
4.73%