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Home Business France does not know the cost of hosting the Paris Olympics, maybe 300-500 million euros

France does not know the cost of hosting the Paris Olympics, maybe 300-500 million euros

by endroar
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France's national auditor said the government will spend an estimated 300 to 500 million euros on organizing the Paris Olympics. Pierre Moscovici, the head of France's audit agency, told the country's press agency Inter Redi. However, they are still not sure about this.

According to Moscovici, 'We don't know the cost of hosting the Olympics yet. Organizing these games may cost three, four or five hundred million euros. Moscovici came up with the estimated cost of hosting the Olympics in January last year. At the time, he said, hosting the Olympics would cost France a maximum of 'around three billion euros'.

This amount is estimated to exceed the budget of the French government for organizing the Olympics. At that time, the French government budgeted 244 million euros for organizing the Olympics.

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