French finance minister says deficit reduction was top priority before Moody's warning

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French finance minister says deficit reduction was top priority before Moody's warning

) credit rating warning on his country's debt, said that France's top fiscal priority is to reduce its public deficit to a targeted 5% of GDP by 2025.

Armand said that France needed to foster growth as part of its drive to rebalance deficits and finance investments needed for the country's clean energy transition. Armand declined to comment on the Nov. 5 U.S. presidential election when asked about the potential for high U.S. tariffs on European goods if Republican candidate Donald Trump is elected president.

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