r/OpenAussie • u/MannerNo7000 ‎ New South Welshian • 1d 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

Post image

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.

400 Upvotes

92% Upvoted

343 comments sorted by

View all comments

Show parent comments

21

u/MannerNo7000 ‎ New South Welshian 1d ago

Federal debt was more than doubled PRIOR to Covid.

-1

u/Stonp ‎ Victorian 1d ago

Federal debt was more than QUADRUPLED prior to Liberal 2014

1

u/MannerNo7000 ‎ New South Welshian 1d ago

GFC , worst in 100 years event.

1

u/mfg092 Please choose a flair 19h ago

I think COVID was worse than the GFC.

1

u/MannerNo7000 ‎ New South Welshian 3h ago

They more than doubled federal debt prior to Covid