France's Fiscal Roadmap: Balancing Deficit and Growth
French Finance Minister Antoine Armand emphasizes reducing France's public deficit to 5% of GDP by 2025 amid Moody's warning. He highlights the importance of fostering growth for debt control and clean energy investments. Armand also stresses global cooperation against non-market trade practices.
In the wake of Moody's recent credit rating warning, French Finance Minister Antoine Armand declared reducing the public deficit to 5% of GDP by 2025 as a top fiscal priority. He stressed the need for growth to manage debt and bolster clean energy investments.
Addressing the media at the IMF and World Bank meetings in Washington, Armand emphasized proactive measures taken by France to handle debt concerns. He highlighted the newly unveiled budget plan as a crucial step towards the country's public finance consolidation.
While refraining from commenting on potential U.S. tariffs, Armand advocated for global cooperation to counter non-market trade policies. He echoed the importance of coordinating international responses to such practices to prevent further economic disorder.
(With inputs from agencies.)
- READ MORE ON:
- France
- deficit
- Antoine Armand
- Moody's
- public deficit
- GDP
- credit rating
- debt
- growth
- clean energy
ALSO READ
Hungary's GDP Growth Nears Standstill
IMF Predicts Moderation in India's GDP Growth as Economy Stabilizes
Vietnam's Economic Surge: GDP Growth and Debt Control
United Arab Bank Reports 12% Profit Increase, Moody's Elevates Credit Rating
Escalating Conflict in Lebanon Threatens Economic Collapse: UNDP Warns of Severe GDP Decline and Rising Unemployment