By the end of 2015, Russia had gone to war against Crimea, and the dramatic fall in oil prices from $ 100 to $ 30 meant major cuts in government spending as they could no longer balance their budget. (keepcalmandinvest.com)
«In the short to medium term, Angola may have to struggle with a weakening current - account deficit, lower fiscal revenue and likely cuts in government spending,» says Abiola Rasaq, head of research and strategy at Lagos - based financial institution Associated Discount House. (gfmag.com)
Independents want cuts in government spending and entitlement reform, but just not those cuts and reforms in things like education and Medicare and various middle class subsidies from which they immediately benefit. (firstthings.com)