Budget for 2022 Olympics increased by 22 per cent

Tokyo, Dec 22 : The final budget for the 2021 Olympic and Paralympic Games has been increased by 22 per cent to 1.64 trillion yen (15.8 billion US dollars) because of the postponement of the Games.

The Tokyo 2020 organising committee said at a news conference on Tuesday that the additional cost caused by the postponement is about 294 billion yen (about 2.83 billion US dollars), with the operational cost for the delay 198 billion yen (about 1.91 billion US dollars), and the Covid-19 countermeasures cost of 96 billion yen (about 920 million US dollars), Xinhua news reports.

Of all the costs, Tokyo 2020 will cover 45 per cent, the metropolitan government 43 per cent, and the Japanese central government will account for 12 per cent.

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The cost for Covid-19 countermeasures will be paid by the two governments, with the central government covering 58 per cent and the Tokyo government 42 per cent.

The Tokyo Olympics, postponed by one year due to the outbreak of the Covid-19 pandemic, will be held from July 23 to August 8, 2021.

Disclaimer: This story is auto-generated from IANS service.

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