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Date: 7 months ago   Category: Finances

Trillion in favor of Russia. The organizing committee of World Cup 2018 estimated effect of the FIFA World Cup


Trillion rubles are not cash, but the cumulative economic effect. However many experts consider methodology of calculation quite disputable the Photo: Sergey of Bobyliov/TASS the Economy of Russia received nearly one trillion rubles in five years of preparation for the FIFA World Cup and its carrying out. As write Vedomosti, it is stated in the report of the organizing committee Russia 2018. And, according to forecasts of the government, the country will be able to receive as much again for the account of tourist flow in the next five years. For preparation for the FIFA World Cup — construction of stadiums and infrastructure — Russia totally spent about 900 billion rubles. Both federal, and local expenses enter this sum. In dollars it is a little more than 13 billion — 2 billion more, than Brazil, and 8 billion more, than South Africa. More than 60% of expenses were the share of strategic projects therefore one trillion rubles is not cash, namely the cumulative economic effect. Though many experts consider methodology of calculation quite disputable. The director of the Center of strategic researches in the field of sport Ilya Solntsev comments: Ilya Solntsev the director of the Center of strategic researches in the field of sport "Numbers which are given is generally indirect effect from increase in number of jobs, involvement of tourists and so on. But all these calculations, as a rule, are based on a large number of assumptions, and a technique by which these figures turn out, too nobody opens and to say that really such effect is possible this rather controversial statement. The main effect is connected with the fact that the image of the country was significantly improved, but that this money will manage to be returned, I would not begin to speak". But the image is the capital too. Stadiums are constructed, and festivities on Nikolskaya will become history at all. Means, the foreigner will want back, or perhaps and will call friends. The government considers that additional tourist flow in the next five-years period will bring 250 billion rubles a year, that is till 2023 the cumulative economic effect will be one trillion more. But on it the FIFA World Cup contribution in general will stop, the vice-president of Guild of financial analysts and risk managers Bogdan Zvarich considers: Bogdan Zvarich the vice-president of Guild of financial analysts and risk managers "Is things which to count rather difficult. Certainly, people who arrived on the FIFA World Cup on all responses which I saw and heard, were satisfied, and this image will affect tourist flow, desire of people to arrive to our country. Perhaps, this effect will extend for the next one or two years". From the point of view of economy for last 20 years the FIFA World Cup was most successful in the USA. The states just especially did not invest in sporting venues: in the country at a stage of the application 30 new arenas were already ready, and all expenses — only 30 million dollars — went to infrastructure. As a result the FIFA World Cup-1994 paid off even before the end: the tickets only sold brought more than 60 million dollars in a country moneybox. Expenses of Russia can seem scanty in comparison with future expenditure of Qatar for the World Cup of 2022

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