Economics
The event is self-financed by contributions from pilgrims (70%) along with companies and individuals (30%). The state's estimated cost for security and infrastructure is €50 million, while officials estimate that the event will generate as much as €150 million in tourist revenue.
Read more about this topic: World Youth Day 2011
Famous quotes containing the word economics:
“Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.”
—Paula Nelson (b. 1945)
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)