Government To Spend R$1 Billion More for Olympics Preparations
President Dilma Rousseff announced on Sept. 13 that the government will invest an additional R$1 billion (US$500 million) to prepare athletes ahead of the 2016 Rio Olympics, hoping to secure a top-10 finish in the medals table on home soil.
Rousseff said the money will be spent on supporting athletes, purchasing modern training equipment and building more than 20 new Olympic training centers. The government had already earmarked R$1.5 billion (US$750 million) to help form athletes for 2016.
About R$300 million (US$150 million) were invested ahead of the London Games, when Brazil finished 22nd. Brazil won a record 17 medals overall in London, two more than it did in Beijing and in Atlanta. It finished with the same three gold medals as in Beijing, two short of its record from the 2004 Athens Games.
(Source: Brasilinform, SEPTEMBER 19, 2012, VOL. XXX, NO. 1472)