February 26, 2015 / 5:29 PM / 4 years ago

Gabon due to revise 2015 budget after oil price shock-IMF

DAKAR, Feb 26 (Reuters) - Oil-producer Gabon plans to revise its 2015 budget and cut spending on goods, services and fuel subsidies following a sharp drop in oil prices, the International Monetary Fund said on Thursday.

“To balance the books, they (Gabon authorities) intend to reduce current spending, especially on goods and services as well as on subsidies,” the IMF said in a note published on its website.

Reporting by Emma Farge; Editing by Angus MacSwan

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