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Energy

Belarus eyes 7-8 pct government spending cuts from June: finance minister

MOGILEV, Belarus, May 12 (Reuters) - The Belarussian Finance Minister Vladimir Amarin said on Thursday that he will propose cutting government expenditure by 7-8 percent in June.

The revised budget calculations are based on oil being at $35-40 per barrel, lower than a previous forecast of $50 per barrel, he told reporters. (Reporting by Andrei Makhovsky; writing by Matthias Williams; Editing by Toby Chopra)

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