Tokyo 2020: the Olympics cost 20% (€2bn) more than the amount announced by organisers

News Tank Football - Paris - News #275028 - Published on
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Tokyo 2020 - ©  CIO

The Tokyo 2020 Olympic and Paralympic Summer Games (held in 2021) cost ¥1,699bn (€12.1bn at current exchange rates), up 20% from the ¥1,423.8bn (€10.1bn) announced by the organisers in June 2022, said the Japanese equivalent of the Court of Auditors in a report published on 22/12/2022

In the document, the Court states that the organisers had "wrongly omitted to include certain government expenses related to the Olympics," including "anti-doping measures, athletes' training, Japanese food at the Olympic Village and the new Olympic Stadium." The administrative court urges the government to "disclose (in the future) the total costs in a timely manner when it is substantially involved in a major event."

"The total spending for the Tokyo 2020 Summer Olympic and Paralympic Games was JPY1,423.8bn (€9.94bn), a reduction of JPY220.2bn (€1.5bn) from the fifth version of the Tokyo 2020 spending budget (V5) announced in December 2020 (JPY1,644bn, €12.8bn), and JPY29.2bn (€203m) from the estimated budget for the Games announced in December 2021 (JPY1,453bn, €11.3bn)," said the Tokyo 2020…

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Tokyo 2020 - ©  CIO

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