Rio 2016 Budget Fiasco

  • 08/16/2016
  • Source: Bloomberg
  • by: Tariq Panja
Rio 2016 Budget Fiasco
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The news comes as interest in the Paralympics is growing: after success in London and in Beijing, Rio’s event is scheduled to be broadcast live in more countries than ever, including in the U.S. for the first time.

Philip Craven, the IPC’s head, has traveled to Brasilia to demand Brazil’s government keep the commitments it made when the country won the right to host the games. “Our president is there to try to highlight to them that they bid for two games and they have to pay for two games,” said IPC spokesman Craig Spence.

Rio’s mayor offered to allocate 150 million reais ($47 million) to help solve the Paralympics crisis, but a judge blocked the payments, demanding that organizers publish complete accounts before the cash can be released. The mayor said Monday that his office has lodged an appeal.

The original Paralympics budget has already been cut twice, with a third round of cost-cutting underway -- one that will directly affect the 4,300 athletes expected to participate. Media centers and transportation for journalists have been scrapped. Now athletes may also have reduced transport and worse food.


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