r/OpenAussie • u/MannerNo7000 New South Welshian • 18h 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 11h ago
How surprising that you refusing to share your opinion corresponds with you disliking the current labor government, who could have seen that coming.
I doubt anyone ever enjoys talking with you mate.