While in 1914 the foreign debt was limited to 1,485,000 British pounds and 2,850,000 French francs, in 1926 it amounted to 3,111,600 British pounds, 22,875,000 French francs, 2,797,000 U.S. dollars and 4,142,600 Belgian francs. The debt of 1926 would later be encumbered with the loans for the refugees' settlement, the portion of the Turkish debt that corresponded to the new provinces integrated in the Greek state from 1912 onwards (Greece assumed the debt on the strength of the Treaty of Lausanne) and the sum resulting from the payoffs of the advances paid by the Allies during World War I (Allied Credits). The economist A. Αndreadis noted in 1927 that "... because of the war, Greece risks to see the servicing of its debt absorb more than 40% of the country's revenue". The devaluation of the drachma put strain on the service of the foreign debt, but relieved significantly the domestic loan, i.e. the public sector indebtedness deriving from the forced loans of 1922 and 1926. However, the relief of the public sector was to the detriment of the citizens and their possibility to save up.