Tokyo can not wait to cut the costs of the Olympics

Tokyo – Ahmed Al Khashab

The Olympic Games budget of 2022 has stabilized at $ 12.6 billion despite the rising costs of some of the spending squares, which some considered to be cuts, while organizers said Friday that "no one is going to be able to afford it. they needed more work to reduce expenses.

The organizers have cut costs since one study warned that the cost of organizing the course could quadruple the amount estimated when presenting the case, while the International Olympic Committee wanted Tokyo to become a good one. example of future host cities.

The third version of the budget released Friday was in line with expectations released last year after the organizers managed to cut it from the $ 14 billion announced two years ago.

"There is still a lot of work to control spending," said Toshiro Motu, general manager of the Tokyo 2020 Games, in a statement.

"But in cooperation with the International Olympic Committee (IOC), Tokyo 2020 will continue to do everything possible to increase profits, contain costs, and maintain its budget at 600 billion yen ($ 5.6 billion)," she said. he declared.

The organizers said the requirements became clearer with less than 600 days remaining, prompting them to increase their transfer and play estimates by $ 100 million each.