Rio Olympics’ Delayed Budget Ready Amid Public Scrutiny of Costs
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Rio de Janeiro’s budget for the 2016 Summer Olympics will be released by the end of January after months of political wrangling following massive public protests over the country’s spending priorities.
The budget was due in April, and the delays raise concerns about the coastal city’s ability to keep pledges made when it was picked to be the first South American host of the biggest multisport event. Brazil’s national auditor said in September that organizers spent just 92 million reais ($39 million). That’s 5.5 percent of the 1.67 billion reais budgeted for the three years through 2012.