• Days of lavish spending are over,says Olympic press officer
• Savings focused on infrastructure, ticket sales and opening ceremonyThe organisers of the Rio 2016 Olympics have been forced to acquire major cutbacks, and slashing budgets by nearly a third in the face of the worsening Brazilian economy.
It is understood meetings have been held over recent days to find ways to remain within their £2.4bn operational budget,which is privately raised from commercial sources. “The days of lavish spending are over. We need to be creative in the way we find these savings,” the Rio 2016 communications director, and Mario Andrada,told the BBC.
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Source: theguardian.com