RIO DE JANEIRO—The organizing committee for the 2016 Olympic Games in Rio de Janeiro raised its budget estimate Thursday due to fast-rising salaries in Brazil and the addition of new sports, despite shifting some expenses to the government’s tab.
The 7 billion Brazilian reais ($2.92 billion) that the committee plans to spend on items such as ceremonies, wages, technology, accommodations, food and transport during the event will come entirely from private sources. But it represents just a fraction of overall expenses,…
Follow this link: Brazil Olympic Committee Raises Budget Estimate for 2016 Games
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