Budget for Rio 2016 Up 27 Percent to $2.93 Billion

SHOWS: RIO DE JANEIRO, BRAZIL (JANUARY 23, 2014) (REUTERS - ACCESS ALL) 1. VARIOUS OF NEWS CONFERENCE 2. PRESIDENT OF BRAZILIAN OLYMPIC COMMITTEE, ARTHUR NUZMAN NEXT TO RIO 2016 COMMITTEE CEO, SIDNEY LEVY 3. VARIOUS OF BUDGET PRESENTATION 4. (SOUNDBITE) (Portuguese) PRESIDENT FOR RIO 2016 OLYMPICS, CARLOS ARTHUR, SAYING: "Our goals are to realize magnificent games. We want to guarantee a balanced budget, avoiding the transferring of public resources to the committee." 5. CLOSE-UP OF GRAPHIC ON SCREEN THAT READS: "R$7 Bi" 6. CLOSE-UP OF GRAPHIC SHOWING PERCENTAGE BREAKDOWN 7. (SOUNDBITE) (Portuguese) RIO 2016 COMMITTEE CEO, SIDNEY LEVY, SAYING: "In a common agreement with the government, we will not receive a contribution from the government . The government will not contribute to the committee. All the spending that the government will execute will be included in the matrix of responsibility that will be presented on Tuesday by General Fernades." 8. VARIOUS OF NEWS CONFERENCE STORY: The operating budget for the Olympics and Paralympic Games in 2016 has jumped 27 percent to seven billion Brazilian reals ($2.93 billion). Officials told a news conference on Thursday (January 23) 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. Four sports have been added since the bid was won in 2009 - rugby sevens, golf, paracanoe and paratriathlon - and the revised bill also has more detail. Arthur Nuzman, president of the Brazilian Olympic Committee and the local organizing team, said that they want to avoid relying on public funds. "Our goal is to hold a magnificent Games. We want to ensure a balanced budget (and) avoid any transfer of public funds to the committee," Nuzman said. Just...