@angor532; even after Morrison used accounting swifties to make it appear smaller, the Federal government's pre-COVID19 debt was about $630billion - that after Rudd passed on just $270 billion in debt after his $55 billion stimulus package that saved Australia from the GFC.
Between September 2013 and last December and without any economic problems like the GFC to deal with, Morrison added $360 billion of debt as the Coalition worked overtime to $Feed the $Greed of its wealthy individual and corporate backers - transferring wealth from Aussie Battlers to those who already had most of it.
Morrison's already announced stimulus totals another $620 billion, most of it heading off to business interests - bringing total debt to ($630+$620) = $1250 BILLION or $1.25 TRILLION - roughly 100% of Australia's GDP as per my earlier comment.
Of course Morrison's figures do NOT take account of falling government tax revenues due to unemployment and businesses closing down - we've NO idea as to how much that will exacerbate Morrison's debt burden.
