Russia says 2018 World Cup costs increased by $600 million

The upcoming World Cup is going to cost more than initially expected.

Russian authorities revealed the 2018 World Cup will cost $600 million more than previously planned, the Associated Press reported.

According to the report, there was no immediate reason from organizers or the Russian government as to why the latest cost had risen so drastically to total $11.8 billion.

Per the AP:

Of that, 57.6 percent comes from the federal budget. There is another 13.6 percent from regional government budgets, with a further 28.8 percent from "legal entities," a category which can include both private and state-run companies.

FIFA previously set up a $100 million World Cup Legacy Fund for Brazil in January 2015 following the 2014 World Cup in Rio de Janiero after approximately $15 billion was spent to organize the event.