COB will invest BRL 165 million in Olympic sports in 2022
The budget of the Olympic Committee of Brazil (COB) was approved unanimously in an assembly held last Wednesday (8) in Aracaju, Sergipe. The approved amount is R$ 388,246,000.00. Of this amount, R$ 326,008,000.00 (86% of the total amount) will be invested directly in sports activities. For Olympic sports, through Law 13.756 (Lottery Law), the Committee will distribute R$ 165 million. This is the highest amount applied since the creation of the law, in 2001, and represents an increase of 10% compared to the previous year.
In addition to the investment in Olympic sports, another R$29 million will be invested in the Olympic Preparation Program (PPO), R$28,198,000.00 in Missions: Beijing Olympic Winter Games (in February), Rosario South American Youth Games (in April) and the Asunción South American Games (in October), in addition to the preparation for Santiago 2023 and Paris 2024. R$ 12 million will be allocated to the Sports Development Area and another R$ 14,181,000.00 to the Center of Training Team Brazil.
For the next Olympic cycle, there was an improvement in the criteria for distributing Lottery resources. The transfer is now based on 13 criteria, 11 of which are for sports and 2 for management, which represent 50% of the budget allocated to entities, respecting meritocracy. Of this percentage, the resources destined to the assessment of the management of confederations must add up to between 15% and 17% of the total weight. The other half is a fixed amount (floor), distributed equally to the confederations.
Law 13,756 allocates approximately 1.7% of the amount bet in all Lotteries of Caixa Econômica Federal to the COB. And the Committee uses the resources strictly following the criteria stipulated by the law itself and the technical planning developed in conjunction with the Brazilian Olympic Confederations.
Text translated using artificial intelligence.
