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Discover Ludwig"increased debt" is correct and usable in written English.
You can use it to refer to a situation in which the amount of debt someone (or a company, organization, etc.) has increases. For example, "Due to the high interest payments, the company's increased debt put them at risk of bankruptcy."
Exact(60)
It will not be an easy process as -- and that is pretty sure -- there will be strong pressure to finance the increased spending through increased debt accumulation.
Investment has turned to increased debt.
We've seen late budgets, bad budgets, increased debt and critical problems left unresolved.
Those promises now mean higher annual payments to pay off this increased debt.
That's right: trying to reduce debt levels sometimes increased debt burdens.
Latin America thus faced an increased debt bill, with fewer resources to pay it.
Too many companies have cut capital expenditure and even increased debt to boost dividends and increase share buybacks.
They also do not consider countries' increased debt burden resulting from the financial crisis.
"He's increased debt by $4 trillion, I've signed six balanced budgets".
The difference between wholesale and retail prices is made up by the province in the form of increased debt.
"Even though, conceptually, debt consolidation is used to retire debt, it often leads to increased debt burden," he said.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com