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The cost of servicing rising debt will rise.
And the cost of servicing PFIs is growing.
"The cost of servicing the debt would be enormous".
But it also eased the unsustainably high cost of servicing the debt.
Even more important, falling interest rates have drastically lowered the cost of servicing the federal debt.
The cost of servicing all the outstanding pension bonds was about $800 million a year.
In other words, the higher the debt the higher the cost of servicing it.
This is the real burden of the debt: the cost of servicing it.
Any downgrade for the UK would sharply increase the cost of servicing its huge debts.
As the rupiah falls in value, the cost of servicing that debt escalates.
The cost of servicing them has therefore jumped very quickly as rates have risen.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com