Budget focuses on sport

Sport Business News

With a 63% increase from 2010 to 2011, sport is the area of federal government spending that has increased the most according to the latest Brazilian budget, in a further sign of the country's intention to invest heavily in its sporting future.

The budget forecast for the Ministry of Sport, focused heavily on preparations for the FIFA World Cup 2014 and Rio 2016 Olympic Games, has jumped from R1. 5bn at the beginning of 2010 to R2. 5bn in 2011. In comparison, other key spending areas such as health and education have seen more modest increases of 16% and 25% respectively. Incredibly, the increase is largely thanks to major additions to the original 2011 Ministry of Sport budget, additions demanded by senators and federal deputies during National Congress, with the original R1. 3bn almost doubled thanks to parliamentary amendments. The latter primarily apply to specific sport infrastructure projects in the jurisdictions of particular congressmen, with the Ministys initial R68m set aside for such works increased to well over R1bn; a massive boost to Brazil's long–suffering public sport system. About Simon TarmoA journalist from Sydney, Australia, and co–founder of industry journal Australian Sponsorship News, Simon Tarmo now lives in Belo Horizonte, Brazil. Having worked on a range of writing, research and trade projects across a number of industries including sport, entertainment and wine, he is currently focusing on business opportunities involving the 2014 World Cup and Rio 2016 in Brazil. With fluent Portuguese language skills, he has an extensive network of contacts throughout Brazil and can advise and assist foreign groups doing business in the country. More details http://simontarmo. blogspot. com/ ~ Simon Tarmo+55 31 9196 0069simon@pando. com. auhttp://simontarmo. blogspot. com/

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