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Rio Declares Fiscal Emergency: Olympics May Cause ‘Total Breakdown in Public Security’

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Acting governor of Rio de Janeiro Francisco Dornelles has issued a decree proclaiming that his state is facing a “public calamity,” as there is not enough money to both fully fund the Summer Olympics scheduled for August and keep necessary public utilities running properly.

“This crisis is preventing the state of Rio de Janeiro from honoring its commitments to the Olympic and Paralympic Games Rio 2016,” Dornelles wrote in the decree, adding that paying for the construction of Olympic venues and services has “been causing severe difficulties in the provision of essential public services and can even cause a total breakdown in public security, health, education, mobility and environmental management.”

The decree declares an economic state of emergency, which requires the federal government in Brasilia to provide emergency funding for the state. Dornelles is requesting $900 million from federal budget coffers to keep Rio de Janeiro afloat, according to reports which to not confirm whether Brazil’s acting president Michel Temer has approved the measure. – Read The Full Story Here

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