International Olympic Committee (IOC) President Thomas Bach (R) speaks during a news conference next to Brazil's Sports Minister Aldo Rebelo (L) after a meeting with Brazil's President Dilma Rousseff at the Planalto Palace in Brasilia January 21, 2014. REUTERS/Ueslei Marcelino
RIO DE JANEIRO (Reuters) - The operating budget for the Olympics and Paralympic Games in 2016 has jumped 27 percent to seven billion Brazilian reals (1.76 billion pounds).
Officials told a news conference on Thursday the new total for the combined Games in Rio was less than London spent in 2012, explaining the rise was due to factors like inflation and new technology.
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