Labor was wanting them to spend more...
To the Liberals credit they didn't listen
but still, what did we get for the rest of
it, sfa I'd say.
RMIT ABC Fact Check
Posted Thu 13 Aug 2020
When the Coalition came to power in September 2013, gross debt stood at about $280.3 billion.
That level of debt was largely the consequence of borrowing undertaken by the former Labor government to help cushion Australia from the global financial crisis, which according to the Reserve Bank began around mid-2007.
By the end of January 2020, as Australia began to record its first cases of coronavirus, gross debt was $568.1 billion.
On July 22, 2020, the day before Mr Chalmers made his claim, gross debt stood at $723.4 billion.
The increase in gross debt since the pandemic hit Australia — $155.3 billion — represents 35 per cent of the $443.1 billion of debt borrowed by the Coalition since it came to office.
This is consistent with Mr Chalmers's claim that something like two-thirds of the debt was borrowed by the Government before the outbreak of COVID-19.
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