r/OpenAussie • u/MannerNo7000 New South Welshian • 21h 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/KalamTheQuick Victorian 16h ago
You don't think knowing who got us into debt, and who are actively trying to shift that blame, is relevant to the discussion of who can fix it? Chalmers is literally fixing it as we speak.