Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Sports

Rio Olympics Local Committee Has Deficit of Up to $151 Million

Deficit runs just 25 days before the games begin

A man works near the 2016 Rio Olympics Park in Rio de Janeiro, photo: Reuters/Bruno Kelly
By Reuters Whatsapp Twitter Facebook Share
1 year ago

RIO DE JANEIRO – The local organizing committee for the upcoming Rio Olympics is running a deficit of between 400 million and 500 million reais ($121 million to $151 million), a source with direct knowledge of the committee’s finances told a news agency on Monday.

The local committee’s privately funded budget is what is used to operate the Games; it is not public money which is used for infrastructure or venues.

The deficit, challenging organizers 25 days before the games begin, represents about 6 percent of the local committee’s budget and just over 1 percent of the total projected cost of 40 billion reais to host the Olympics.

RODRIGO VIGA GAIER

Comments Whatsapp Twitter Facebook Share
More From The News
Mexico

Earthquake Death Toll Rises

36 mins ago
Mexico

After Quakes, Mexico Volcano Spews Vapor ...

40 mins ago
Mexico

Mexican Experts Rush to Inspect Damaged ...

7 hours ago
World

South Korea Says Natural North Korea Ear ...

11 hours ago
Most Popular

Oaxaca Struck by 6.2 Quake

By The News
Mexico

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

New Earthquake, Magnitude 6.1, Shakes Ji ...

By The Associated Press
Mexico

How You're Helping This Weekend

By Federico Rojas Frias
Living

Oaxaca Businesses Shut Down to Protest T ...

By Reuters
Mexico