Russia raises 2018 World Cup budget by $323m

Russia raises 2018 World Cup budget by $323m

The increase is done through enlarged spending from the federal budget.

Russia’s expenses got 19.1 billion rubles higher as it is preparing for the 2018 FIFA World Cup, according to a statement on the official legal information website.

This makes the total amount the country is to spend reach 638.84 billion rubles (nearly $11 billion). The increase is done through bigger spending from the federal budget: from 331.3 billion rubles to 350.4 billion rubles. The regional budget allocates 92.2 billion rubles. Private investors are expected to contribute 196.18 billion rubles.

The new version of the program added Novogorsk training base (that needs a lot of repair works) to the list of objects to be prepared for the championship.

Previously, the cost of 2018 World Cup preparations had increased by 1.4 billion rubles in September 2016, also at the cost of the federal budget.

FIFA World Cup will be held from June 14 till July 15, 2018 in 11 cities of Russia.



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