(CNN) -- Like a pop star leaving their biggest hit for the encore, Sepp Blatter made sure he saved his best for last. 

As a long day at the FIFA Congress in Sao Paulo came to an end, the 78-year-old announced he would stand for a fifth term -- reneging on a promise he made four years ago. 

The news, which was expected, came after FIFA rejected the opportunity to impose age limits and maximum terms for officials. 

"I know that my mandate will finish next year on 29 May in Zurich -- but my mission is not finished," he told Congress. 

"And I tell you together we will build the new FIFA together. We have the foundations today because we have the budget for the next four years. 

"We have the foundation, now we work. Congress you will decide who takes this great institution forward. 

"But I can tell you I am ready to accompany you in the future." 

The Swiss has been heavily criticized following allegations of corruption over FIFA's bidding process for the 2018 and 2022 World Cups. 

On Wednesday, a number of European members urged him not to stand for president. 

Speaking after a tense meeting between Blatter and UEFA members, the mood within the European camp was unequivocally clear. 

David Gill, the English FA's representative on the Exco committee said: "The very fact in 2011 he was clear it was just for four years, that should have been the situation. To change his mind is disappointing," he said. 
Do they have the budget for the next 4 years?
we have the budget for the next four years. 