Rio 2016 debts rise more than three times to $113 million

The amount of debt incurred by the Organising Committee of the 2016 Olympic and Paralympic Games in Rio de Janeiro has risen sharply to over three times the last disclosed figure, a report in Brazil has revealed.

According to the Jornal Noroeste, Rio 2016 is now around R$420 million (£87 million/$113 million/€99 million) in debt.

The number marks a steep increase since the figure released in December 2016, which stood at R$120 million (£25 million/$32 million/€28 million).

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