Algeria plans to cut spending by 14 percent to adapt to oil drop

According to Reuters, Algeria plans to cut spending by 14 percent in 2017 so as to adapt to lower energy revenues.
 
Government officials say the North African country is considering raising subsidised gasoline and diesel prices for a second straight year to control escalating domestic consumption.
 
Oil and gas sales account for 60 percent of Algeria’s state budget and make up 95 percent of export revenues
 
To curtail next year’s deficit, new taxes might be imposed on local and imported goods, according to a government official.