LABOR’S DEBT
Every minute, Australians pay $52,682 in interest on Labor’s debt.
Debt interest takes money away from other priorities. The $27.7 billion in debt interest this year, could otherwise fund (approx):
- Over 200,000 nurses.
- Around 400,000 (high needs) aged care home packages.
- Around 1,000 kilometres of major regional highway upgrades.
- Tax relief of around $1,800 per year for every taxpayer.
Under Anthony Albanese, Australians have suffered the biggest fall in living standards in the developed world, been hit with 15 interest rate rises, and saddled with a trillion dollars of debt — yet he still tells Australians that things are getting better.
Labor's addiction to spending is driving up the cost of living and will leave a $1.2 trillion debt bomb for the next generation.
Please sign our petition to receive updates and take a stand against Labor's reckless spending.
Every single minute, Australians are paying $52,682 in interest on the national debt. Find out what each person owes at debtclock.au
The Debt Clock reflects the value of Australian Government debt on issue. The tally on the Australian Office of Financial Management is updated each Friday. Any difference between figures on this Debt Clock and the AOFM website may be explained by the timing of website updates.