Midyear revisions to New York City's 1995 budget show that the administration of Mayor Rudolph Giuliani is committed to restoring the city to financial health, according to a credit comment in the week's issue of Standard & Poor's CreditWeek Municipal.

The budget plan, which must be approved by the city council, consists of $800 million of spending cuts spread over nearly every department and program, Standard & Poor's said.

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