Mexico City, Rabi'II 11, 1436, Jan 31, 2015, SPA -- Mexico said Friday it will cut government spending by $8.4 billion this year because of a drop in revenues due to declining oil prices. Finance Minister Luis Videgaray said the government will put on hold plans for a high-speed rail project, AP reported. --SPA 15:23 LOCAL TIME 12:23 GMT www.spa.gov.sa/w