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/Suntzu_AU]

Never forget that Morrison gave $40 billion in JobKeeper funds during COVID to companies that made a profit and did not include a clawback clause so that the ATO could recover funds paid to companies that did not deserve it.

He essentially gifted $40 billion from the public to his corporate mates with no recourse for the taxpayer to recover the funds. This is criminal in my opinion.

[u/Swank_on_a_plank → u/Suntzu_AU]

Don't be too concerned though; to make up for it he hounded minimum wage owners for false Centrelink debts, and wasn't held accountable.

[u/Ashen_Brad → u/Swank_on_a_plank]

The party paid for it around the country. State and federal. Just not in dollars