“The Paris Games should cost between 3 and 5 billion euros”

The public bill for the Olympic and Paralympic Games is increasing, as Pierre Moscovici suggests. Until now, the first president of the Court of Auditors mentioned the figure of 3 billion euros. In 2023, the budget documents reported public investments of 2.44 billion euros (including 1.3 billion for the State and 260 million for the city of Paris). But on Tuesday the former Minister of Finance (from 2012 to 2014) suggested that the JOP “should cost” between three and five billion euros of public money. “We do not yet know the cost of the Olympics (…) the Court of Auditors will audit it after the Olympics, he said on France Inter radio. These Games should cost between 3, 4, 5 billion, we will see but that is not what will have an absolutely massive impact” on the debt. Currently, the provisional bill for the Olympics – public and private money mixed – is around 9 billion euros.