Sun | Sep 24, 2017

Rio de Janeiro, Brazil declares financial emergency ahead of games

Published:Saturday | June 18, 2016 | 6:25 PM
In this file photo the statue of Christ the Redeemer is seen with the Sugar Loaf mountain at back in Rio de Janeiro, Brazil.

Less than 50 days before the start of the Olympic Games, the Brazilian state of Rio de Janeiro has declared a financial emergency.

The 2016 Olympic Games is schedule to be held in Rio from August 5 to 21.

However, interim Governor Francisco Dornelles says the financial crisis, caused by a tax shortfall, could prevent the state from honouring commitments for the Games.

Most public funding for the Olympics has come from Rio's city government, but the state is responsible for areas such as transport and policing.

Brazil’s interim President Michel Temer has promised significant financial help.