President Luiz Inacio Lula da Silva says Brazil will not contain costs to make sure the 2014 World Cup goes as planned.
"Obviously, we don't want to host a World Cup spending more than what we have," Silva said on Thursday.
"What we want is ... to spend whatever is necessary to facilitate the lives of people before, during and after the World Cup."
The cost of the 2014 tournament could reach more than $40 billion in infrastructure alone, according to Globo's G1 Web site on Wednesday.
Silva said it will need investments from the private sector, which will have a chance to "make money" from the World Cup.
The president said the improvements for its first World Cup since 1950 will stay in place after the competition and will benefit Brazilians for a long time.