Rio de Janeiro Declares Financial Emergency, Olympics Projects To Stay On Track

International News, News

From 5th August to 21st August, Rio de Janeiro will be hosting the first Olympics ever to be held in South America. But roughly 1.5 months ahead of the “Greatest Show on Earth”, the state is in dire financial straits as it declared financial emergency asking for federal help. Brazil itself is going through the worst recession the country has faced since 1930 and Rio’s condition is poorer owing to the dropping prices of crude oil. Under current circumstances, the state is financially stretched to maintain public education, transportation, safety, health and environment.

Protesters Holding A Banner Saying "Olympics For Whom?"
Protesters Holding A Banner Saying “Olympics For Whom?”

Facing the financial crisis, the state has already made a 30% cut in security budget even as the counts of homicides and assaults jumped substantially. Add to that the growing threat of Zika virus and Rio de Janeiro’s plight would be clear. The political turmoil that caused President Dilma Rousseff to be suspended is adding insult to the injury. Intermediate president Michel Temer announced that all Olympics related projects will continue as planned.

The state as already had to shut down some schools and hospitals as supplies are scarce. Protests and demonstrations are taking place throughout the country and the state. A lage number of government employees had their payments delayed as pensioners complained about not getting their checks in time. Amnesty International has also expressed concern over security during the Olympic games which is expected to attract 500,000 visitors from around the globe.

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Soumyajit DasMazumdar
Soumyajit is an SAP technical consultant with a flair for writing. An avid blog reader, he started off with a free WordPress blog and slowly moved to his own personal news and blog site. Apart from writing he loves reading books, playing table tennis and long bike trips. He is currently trying to learn playing guitar and failing miserably.

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