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Tokyo 2020 projected to come in $1.8bn under revised budget

Fireworks are displayed over the Olympic Stadium during the closing ceremony of the Tokyo Olympics. (Photo by Carl Court/Getty Images)

The total cost of the 2020 Olympic and Paralympic Games in Tokyo was $1.8bn (€1.6bn) lower than organisers expected, according to a new estimate published by the Tokyo Organising Committee of the Olympic and Paralympic Games (Tokyo 2020).

Tokyo 2020 now estimates total Games expenses of $13.6bn, 12 per cent less than the $15.4bn it forecast last December. At the time, the budget was increased from $13.1bn following the postponement of the games due to the Covid-19 pandemic.

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