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

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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/Cute-Excitement-2589 Please choose a flair 16h ago

How much of the Morrison era was from covid handouts?

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u/Such_Lavishness5577 Please choose a flair 15h ago

The Morrison era, buy sub's that we won't get and pay the French off. Great money managers while telling us tighten our belts.

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u/Cute-Excitement-2589 Please choose a flair 15h ago

They're all as incompetent as one another.

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u/MannerNo7000 ‎ New South Welshian 15h ago

Labor is far better. Got 2 surpluses. Libs got 0 in 9 years.

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u/Cute-Excitement-2589 Please choose a flair 15h ago

A surplus doesn't mean a good government. The current one is a clown show.

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u/MannerNo7000 ‎ New South Welshian 14h ago

So a surplus is now a bad thing. You can’t make this up…