Olympics 2016: Brazil facing severe financial Cutbacks

Olympics 2016: Brazil facing severe financial Cutbacks

The 2016 Olympics were awarded to Brazil, but there is an issue that has arisen. The Rio Olympic Games have been hit with some major budget cuts, reportedly approximately 30%. The organizers for the 2016 Olympic Games have been forced to implement serious cutbacks financially so that they aren’t going over the budget.

Additionally, the officials of the Rio Olympic Games of 2016 are deciding where the 30% cuts are going to be made. Some places where the cuts will be made include the volunteer projects, the infrastructure, and the opening ceremony. Reports state that the decisions have been tough but the cuts are absolutely necessary.

These cuts were prompted by comparing the cost of the 2016 Olympics to the cost of the World Cup in Brazil in 2014. The Olympic committee has been told that they are over-spending. The cutbacks are creating a very delicate situation but Olympic officials are doing what they must. How these cutbacks will affect the overall Games is yet unknown.

 

 

 

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