Comment on Russia to cut budget for 2018 World Cup amid economic woes

Russia to cut budget for 2018 World Cup amid economic woes

MOSCOW (AP) — Russia's Sports Minister says the government will cut the budget for hosting the 2018 World Cup as part of plans to slash state expenditure while recession looms. The Russian government is cutting its spending by 10 percent across the board after the central bank predicted last month that the economy could contract by up to 4.7 percent this year. Mutko, who is a FIFA executive committee member, said in comments reported by the Tass news agency that World Cup stadiums and associated infrastructure would be exempt from the cuts, but "various organizational issues" and "subsidies to the organizing committee" would be cut.Read more on NewsOK.com

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Sports News