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Tokyo Olympics cost less than expected

The Tokyo Olympics cost $ 1.800 billion less than expected, local organizers said Wednesday.

Officials indicated that part of the reduction was due to the absence of the public in the stands - forced by the pandemic - and with it vastly reduced labor costs. They further said that other expenses were lower than anticipated.

Official estimates in the past year, said costs would total $ 15.400 billion. However, government audits over several years indicated that the actual costs would be much higher, perhaps double.

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Final figures won't be ready until after spring 2022, with facilities still being restored and contracts subject to review.

But for the moment the fair was less expensive than expected.


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