IMF Chief Economist: France Unlikely to Hit Budget Target Without More Reform

France will have difficulty meeting its budget deficit target of 2.7% by 2027 without more effort, according to IMF chief economist.

Reforms on pensions and unemployment will help France's budget situation but more is needed.

In its 2024 budget, France aims to reduce debt and save 16 billion euros.

France pushed revenue legislation through using constitutional powers after failing to gain lawmaker support.

France's finance minister said Moody's maintaining France's rating strengthens resolve to cut debt and restore finances.