Tokyo 2020 Olympics unveil final budget of $12.6 bn
The Tokyo 2020 Olympics are expected to cost some 1.35 trillion yen ($12.6 billion), organisers said Friday, unveiling a final budget showing increased revenue balancing out extra costs including countermeasures against heat.
However, officials admitted the budget does not yet include an estimated three billion yen for moving the marathon and race walk north to Sapporo, as they wrangle with the International Olympic Committee (IOC) over who bears the cost.
Revenues from domestic sponsorship and robust ticket sales have increased income by 30 billion yen, according to the fourth and final version of the Olympic budget. This equals out a rise in forecast expenditure for items such as transport and security -- as well as the heat-busting measures.
The overall 1.35-trillion-yen budget for the Games is unchanged since the last version of the budget unveiled last year. There is also a 27-billion-yen “contingency” pot to deal with possible emergencies such as natural disasters.
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