“The Games must finance the Games. There will be no OJ tax.” This slogan from the President of the Republic, in July 2022, is on everyone’s minds. This was to indicate that public funds are not intended to fill a possible deficit in the budget of the Organizing Committee for the Olympic and Paralympic Games (Cojop) of Paris 2024.
“Increased financial involvement of public authorities” in the budget of the structure responsible for planning, organizing, financing and delivering the Paris 2024 Games was, however, recorded in December 2022, as recalled by the budgetary documents published in the annex to the finance bill for 2024. For what concerns the State, this “extra effort” will find its translation at the end of this year thanks to the amending finance bill for 2023.
Parliament will thus be asked to endorse a “additional grant” of 44.5 million euros, which will increase the State’s participation in financing the Games Organizing Committee to 124.5 million euros, compared to 80 million euros initially planned – of which 50 million have already been financed in 2022 and 2023 and 30 million are planned for the year 2024.
New contributions also from local authorities
This additional financial “boost” was decided at the end of a review of the revenue and expenditure forecasts for Paris 2024, carried out in 2022. It is notably through this means – coming in addition to various savings measures and upward revision of certain commercial revenues – that a display of a non-deficit Cojop budget had been obtained despite an upward revision of 400 million euros, to reach 4.38 billion euros.
To ensure this balance, the State is not the only one to have decided to increase its financial contribution. All public funding in favor of Cojop will increase from 100 million to 171 million euros, with local authorities also having to put back into the pot: funding from the City of Paris and the Île-de-France Region will thus each increase from 10 million to 15.6 million euros.
Furthermore, the Greater Paris Metropolis, absent from the initial financing plan, has also committed to supporting Cojop to the tune of 15 million euros.
All of these 71 million euros in new public funding were officially presented as having to meet “the operating needs of the Paralympic Games”.
Our selection of articles on the Paris 2024 Olympic and Paralympic Games
Find all our content on the Paris 2024 Olympic and Paralympic Games:
Making the Seine swimmable by 2024, the immense challenge to take on before the Paris Olympics
One year before the Paris 2024 Olympics, construction sites in the final stretch
- The question of the presence of Russian and Belarusian athletes
The International Paralympic Committee changes course and opens the door to Russian athletes
Guatemala, this other country not invited to the Paris 2024 Games
“These Games will be seen as a turning point in the history of the Paralympic movement”
One year before the Paralympic Games, accessibility remains the main challenge
- The preparation of French athletes
Florent Manaudou: “At the Paris 2024 Olympics, we will have good results because we are at home, but we are not a sports country”
Archery: Lisa Barbelin gets a taste of the podium at the Paris Olympic Games
The start of the Rugby World Cup, a warning shot for the public authorities in view of the Olympics
How transport in Ile-de-France is preparing
The Olympics will mobilize 181,000 jobs, but we still have to fill them
- Seine-Saint-Denis and the Games
“I feel like I’m going to see a lot of things that I’ve never seen, even from the street”
The sports associations of Seine-Saint-Denis deplore “a discounted inheritance”
- Ongoing legal investigations
Winter Games 2030 and 2034: a Paris 2024 framework targeted by a complaint
One year before the Olympics, the specter of business hovers over Paris 2024
- The Olympic Torch Relay
Against a backdrop of social tensions, the Parisian route of the torch relay revealed
- Environmental issues
Olympic flying taxis deemed too noisy and too greedy by the Environmental Authority
The difficult challenge of the “green” Olympic Games
In Ile-de-France, 6,200 people hired by the private security sector and 6,700 in training
- The societal issues that the Games highlight
Polynesia wants to use the Games to fight obesity
The government will finance the creation of 5,000 additional sports fields by the end of 2026
In Paris, the movement of second-hand booksellers suspended from “tests”
The Paris 2024 Olympic Games accelerate the transformation of North-East Paris
- The Games are not just Paris and Seine-Saint-Denis
Communities seeking a share of the“JO effect” with Games preparation centers
In Espalion, on the occasion of the Olympic Games, “we want to talk about our city, make it known”
“They came to see meumeus, they will have seen athletes”the Verdun Fair at Games time
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