Paris Olympics to cost taxpayers 3-5 billion euros: auditor

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The Paris Olympics this year are expected to cost the state between 3-5 billion euros ($3.2-5.4 billion), the French national auditor said Tuesday as new figures revealed the country's widening debt levels.

A protester holds a banner reading 'Cash for civil services, not for the Olympic Games' during a demonstration last week. Photo: Bertrand GUAY / AFP/FileThe Paris Olympics this year are expected to cost the state between 3-5 billion euros , the French national auditor said Tuesday as new figures revealed the country's widening debt levels.

But a 2020 study by academics at the University of Oxford concluded that every summer Games since 1960 had gone over budget, with the average sports-related costs ending up between two and three times the original estimate.

 

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