Business Standard

Wednesday, January 08, 2025 | 04:16 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Russia increases 2018 World Cup budget by USD 325 million

Image

AP Moscow
Russia has increased government spending on the 2018 World Cup by 19.1 billion rubles (USD 325 million) without explanation.

Total spending rises to 638.8 billion rubles (USD 10.8 billion), with all of the increase coming from federal budget funds, which now make up almost 55 per cent of total spending.

The increase dwarfs previous attempts to cut costs by reducing the number of high-end hotels to be built and trimming expenses on other infrastructure.

There was no immediate comment by the World Cup organising committee on the reason for the increase, which was announced when an updated budget document was published on the government legal database.
 

The document said the extra money would largely go to construction or refits of World Cup-related facilities, without specifying which particular projects.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 06 2017 | 8:43 PM IST

Explore News