Inflation has taken over the budget for the 2016 Games. The Organizing Committee (COL) for the 2016 Olympic Games in Brazil has published its figures. They are on the rise, with a forecast of $2,9 billion, compared to $1,77 billion in the initial budget. In question, the inflation which reigns in Brazil, the addition of four new sports in the sports program of the Games, the introduction of technological improvements and new regulations, as well as the costs linked to the Olympic village. Please note that this budget does not include the costs of construction or repairs or any other infrastructure work, which are the responsibility of the Brazilian public authorities.
— Published January 24, 2014
