Public cost of Paris 2024 Olympics could rise to €3 billion
The €3 billion estimate includes government expenditure on the Games and on security, health and transport.
The president of France's national audit office Pierre Moscovici estimated the cost to the public purse of the Paris Olympic and Paralympic Games could be around €3 billion.
In December, the organising committee, which is running the games and is largely privately funded but is receiving some public money, increased its budget by 10 percent to €4.4 billion.
That is the same as Solideo, a part-publicly funded company, responsible for building facilities and infrastructure has estimated its work will ultimately cost. It is receiving €1.87 billion from the public purse.
Moscovici told the French Senate's Culture, Education and Sport commission that his estimate of a final public bill of "around €3 billion" included government expenditure on the Games and on security, health and transport.
He said currently the total was €2.4 billion with €1.3 billion from the national government and €1.1 billion from local authorities.
"The Games often suffer budgetary drift which puts a strain on public trust," Moscivici said as he presented a report on the Olympics. But, he added, for Paris "We have not seen any significant slippage."
The Games begin on July 26 next year.
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The president of France's national audit office Pierre Moscovici estimated the cost to the public purse of the Paris Olympic and Paralympic Games could be around €3 billion.
In December, the organising committee, which is running the games and is largely privately funded but is receiving some public money, increased its budget by 10 percent to €4.4 billion.
That is the same as Solideo, a part-publicly funded company, responsible for building facilities and infrastructure has estimated its work will ultimately cost. It is receiving €1.87 billion from the public purse.
Moscovici told the French Senate's Culture, Education and Sport commission that his estimate of a final public bill of "around €3 billion" included government expenditure on the Games and on security, health and transport.
He said currently the total was €2.4 billion with €1.3 billion from the national government and €1.1 billion from local authorities.
"The Games often suffer budgetary drift which puts a strain on public trust," Moscivici said as he presented a report on the Olympics. But, he added, for Paris "We have not seen any significant slippage."
The Games begin on July 26 next year.
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