Japanese media: the total amount of funds for the Tokyo Olympic Games has reached 1.644 trillion yen

category:Finance
 Japanese media: the total amount of funds for the Tokyo Olympic Games has reached 1.644 trillion yen


According to the report, the new cost of 294 billion yen, including the additional funds of 1980 billion yen for the extension of the Olympic Games to next summer, and 96 billion yen of new crown countermeasures for testing and other aspects.

It is reported that Tokyo will bear about 120 billion yen, the Japanese government will bear about 71 billion yen, and the Tokyo Olympic Organizing Committee will bear about 103 billion yen, including 27 billion yen of reserve funds already included in the budget. Statistics show that up to now, the total amount of funds for the Tokyo Olympic Games has reached 1.644 trillion yen.

According to the report, the additional funds refer to the expenses incurred due to the postponement of the Olympic Games, such as the expenses for re confirming the facilities and labor costs, of which the Tokyo Olympic Organizing Committee will bear the majority.

According to the original plan, the funding for the Tokyo Olympic Games before the postponement was 1.35 trillion yen, including 603 billion yen for the Tokyo organizing committee, 597 billion yen for Tokyo and 150 billion yen for the Japanese government.

As for the additional expenditure of 76 billion yen in addition to the 27 billion yen reserve fund, it is reported that the BOCOG will raise funds through additional sponsorship from sponsors and insurance compensation. After the meeting, Mori stressed that all parties have sorted out the ways of responsibility sharing and burden bearing. (end)