Russia
hikes 2018 World Cup budget
by $325 million.
Russia has
increased government spending on the 2018 World Cup by 19.1 billion rubles
($325 million) without explanation. Total spending rises to 638.8 billion
rubles ($10.8 billion), with all of the increase coming from federal budget
funds, which now make up almost 55 percent 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 organizing 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.
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