(ATR) The ceremonies for the Rio 2016 Olympic Games are getting a financial boost from the Brazilian Federal Government.
Sports Minister Leonardo Picciani confirmed to reporters that the Brazilian government will provide funds to organizers of the ceremonies for the Rio 2016 Olympics. The ceremonies had seen their budget cut by up to 90 percent last October when the economic crisis in Brazil forced Rio 2016 to restructure their budget to avoid overspending.
According to Picciani the budget for all four ceremonies will be $72 million, with the federal government still determining the contribution needed for each. The minister spoke to the press after finishing his section of the project review attended by IOC President Thomas Bach today.
"In the meeting, Bach made a reference to the conversation he had with President Michel Temer on the issue of opening ceremonies," Picciani said. "After talking with Temer he made the funds available. Bach referenced this favorably.
"[The money is] so that Brazil can do the ceremonies up to what we hope to do."
Picciani added that the ceremonies are not the only function for which the federal government is helping provide for the Olympic Games. According to the minister, both sporting equipment and other goods are being purchased by the Brazilian Armed Forces to ensure they are ready for use in the Games.
"Our financial planning is ready, and we have the budgetary and financial resources to meet the obligations we have," Picciani said. "The equipment is already delivered and resources have been reserved."
The increased budgetary actions by the federal government are the result of the balancing of the matrix of responsibility, Rio 2016 communications director Mario Andradasaid to Around the Rings. The final budgeting mechanisms are still being worked out as the organizing committee says that they will not accept public money from the government but Andrada says it is a matter of organization and not a cause for concern.
"During the journey there have been changes in responsibility, so we have paid for air conditioning in the IBC, rent of the Olympic Village, fences, and other things," Andrada said. "What we are looking for is to balance the responsibilities we paid. They agreed, so we are making a balance of this."
Written by Aaron Bauer in Rio de Janeiro
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