Financial cost for the 2016 Olympic Games: Who is paying for it?

The Olympic Game 2016 which is helding at Brrazil Rio Da Genrerio (Capital City of Brazil) is the XXXXI Olympiad and for the celebration the name is given Rio 2016. The olympic game is the most reputed international game which consist of various sport events. These sports event are played between various international countries. The offical opening ceremony of the game was at 3 August however the game sports game run from 5 August to 21 August 2016.

The Olympic game is held at Brazil, Rio de Janerio with huge cost. The cost is over 99 billion dollar. Most of the Olympic game projects in Brazil are funded by private companies or Rio City which is more powerful economic status in compared to other city. It is expected that the Brazil will suffer financial crisis due to large investment however the state authority person claims these things not to happen. There is also investment for security budget for public about 500,000 visitor per day. The IOC puts another 25% of the total cash and rest of the money is managed by the game comitte througout ticket sells, lisence and advertisement.