The consolidation is not completely complete, but the identification work is progressing. While the Court of Auditors deplored, in January then in July, not being “able to assess the overall cost” of the organization of the Olympic and Paralympic Games (JOP) and its “final impact” on public finances – State and local authorities combined – the government has made progress in this synthesis work.
In the documents published with the draft finance law for 2024, the executive highlights an amount of 2.44 billion euros in public investments linked to the hosting of the JOPs. It also establishes a list of“other categories of expenses”for which he does not provide an overall estimate, but whose addition amounts to more than 270 million euros.
With this identification of 2.7 billion euros of public money devoted to JOPs, we are getting closer to the 3 billion put forward in January by Pierre Moscovici, the first president of the Court of Auditors. However, two expenditure items do not appear, at this stage, in the census carried out by the government: security and health.
1.71 billion euros for Olympic works
Most of the public funding concerns the Olympic works, the construction (or modernization) of which was placed under the responsibility of Solideo (Olympic works delivery company). They are officially justified by the fact that they will constitute “a structuring heritage for the territories concerned”.
Sports facilities and competition venues, Olympic village, media village… these 68 structures mobilize 1.71 billion euros in public funding, when the initial budget, at the end of 2018, counted on 1.37 billion in public commitments. The last “adjustment” took place in July, with the State adding 5 million euros to finance the “Olympic and Paralympic routes, routes and courses”.
553.4 million euros in “opportunity” investments
A certain number of communities seized the opportunity of the JOPs to invest beyond what was necessary for the strict organization of the Games: for supplements on competition equipment, the construction or reconstruction of public transport or school facilities …
This additional financing is estimated at 553.4 million euros. They are presented as having to compete in the” legacy “ of the Games, the equipment concerned having to be used beyond the event, just like the Olympic and media villages. Here too the amount of investments has increased compared to the initial assessments.
170.7 million euros in contributions to the Organizing Committee
The contributions of public money to Paris 2024, the structure responsible for planning and organizing the holding of the various competitions, amount to 170.7 million euros, including 124.5 million for the State, when the total budget of the Games Organizing Committee (Cojop) reached 4.38 billion euros.
This funding was increased at the end of 2022, in order to help keep the Paris 2024 budget in balance: initially set at 80 million euros, the State subsidy was increased to 124.5 million, the City of Paris and the Ile-de-France region each bringing theirs from 10 to 15.6 million and the Métropole du Grand Paris, which was not initially among the financial partners, contributing 15 million.
270 million euros in “heterogeneous” financing
Public money is also mobilized for what the government describes as“fairly heterogeneous group” of expenses, which he estimates “sometimes difficult to assess”.
- State funding
32 million euros to support communities which have preparation centers for the Games and modernize these sports and reception facilities (catering, accommodation) likely to receive foreign delegations before and during the Games.
Around 20 million euros for the Cultural Olympiad.
18.64 million euros for bonuses to Olympic and Paralympic medalists.
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12.8 million euros for the move, in May, of the French Anti-Doping Laboratory from Châtenay-Malabry (Hauts-de-Seine) to Orsay (Essonne).
12.5 million euros for the purchase of materials which will be distributed free of charge to the sporting world after the Games. This expense was initially planned in the Cojop budget.
11 million euros for the purchase of more than 400,000 tickets for the Olympic Games and the Paralympic Games which will be redistributed free of charge.
8 million euros for material expenses for the French anti-doping laboratory. This expense was initially planned in the Cojop budget.
8 million euros for “Impact 2024”, projects promoting well-being and health, educational and civic success, as well as inclusion, solidarity and equality through sport.
More than 7 million euros tax exemptions for the organizer of the Olympic Games and structures close to the organization. The exact figure is not quantified by the government.
6.7 million euros for the “Winning in France” program aimed at offering French athletes the best preparation conditions.
Around 5.2 million euros for compensation of the Stade de France Consortium for the shortfall during work necessary for the organization of the Games carried out in 2021 (3.85 million), as well as for compensation for the shortfall caused by the relocations of two matches of the French football team, in November 2021, and on November 18 (1.4 million). The amount of compensation could be higher, with negotiations between the State and the manager of the enclosure expected to be concluded by the end of the year.
4 million euros for a “territorial animation plan” which will mobilize communities and the sports movement.
0.65 million euros for the “1, 2, 3 Swim” program.
- Funding from local authorities:
111 million euros for Games preparation centers. But this figure does not reflect all of the investments because it only concerns communities that have requested co-financing from the State.
18 million euros for the passing of the Olympic torch relay.
1.75 million euros for “Impact 2024” projects.
0.2 million euros for the “1, 2, 3 Swim” program.
Ticket purchases: official documents do not quantify purchases made by communities. Those hosting Olympic venues have access to a million tickets (500,000 for the Olympic Games, 500,000 for the Paralympic Games). Those labeled “Land of Games 2024” and non-hosts of Olympic venues purchased 55,000.
Our selection of articles on the Paris 2024 Olympic and Paralympic Games
Find all our content on the Paris 2024 Olympic and Paralympic Games:
- The question of the presence of Russian and Belarusian athletes
The International Paralympic Committee changes course and opens the door to Russian athletes
The government steps on the accelerator to close the accessibility gap
Make physical and sporting practice accessible to all with the program “Inclusive club”
Matt Stutzman, the armless archer guest of honor at Paralympic Day
Paris 2024: the use of the army to ensure the security of sites has been planned from 2019
In Ile-de-France, 6,200 people hired by the private security sector and 6,700 in training
Without quantifying it, the government assures that the impact of the tax exemptions for the Olympics will be limited
The additional financial boost from the State to the Games Organizing Committee will be implemented at the end of the year
- The preparation of French athletes
Ten months before the Games, Frenchman Boris Neveu wins the kayak cross in the Olympic canoe slalom pool
The hope of French kayaker Titouan Castryck shines on the Vaires-sur-Marne Games site
Florent Manaudou: “At the Paris 2024 Olympics, we will have good results because we are at home, but we are not a sports country”
In Vaires-sur-Marne, “we could say that we went to see canoeing on the Games site”
Making the Seine swimmable by 2024, the immense challenge to take on before the Paris Olympics
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
- 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