Luxembourg's Court of Auditors said it was obvious that national debt has increased with a deficit in the treasury, against the backdrop of a difficult economic environment.

In an opinion published on the planned State budget, the Court of Auditors appealed to the government, not for the first time, to avoid borrowing too much money.

The Court said interest rates would rise as a result, and loans would have to be paid with new loans, which could see interest increasing once more.

In this context, the Court welcomed cost-saving measures announced by finance minister Gilles Roth earlier this month, but noted that these measures had not yet been added to the current draft budget.

The Court requested that the government publish the measures in a detailed list whilst coding them in order to establish the exact amount to be saved.