According To Reuters, The governor of Rio de Janeiro has declared a state of financial emergency and is requesting federal funds to help fulfill obligations for public services during the Olympics which starts in August 5.
The report says that the emergency measures are needed to avoid a total collapse in public security, health, education , transport and environmental management, as the state's major source of revenue -the petroleum industry-has been badly affected by the collapse in global oil price in the last two years.
The up-coming Olympics, which is expected to attract about 500,000 foreigners is coinciding with worst recession since the 1930s and a political crisis that led to the suspension of President Dilma Rousseff last month. reuters reports.
The state which is battling the outbreak of the Zika virus has been forced to delay pension and salary payments and shutter some schools and hospitals, where crucial supplies including medicines and syringes, are lacking. reuters says.
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