TOKYO -- Tokyo organizers of the Olympic and Paralympic Games said on Tuesday that they have confirmed a total of 1.64 trillion yen ($15.9 billion) in expenses required to host the postponed Games next year in their latest budget. But uncertainties remain as further spending may be needed depending on the course of the coronavirus pandemic and potential fluctuations in spectator revenue.
The budget amount approved by the Tokyo 2020 executive board is 294 billion yen higher than the previous outlook released last year. Of the total cost of 1.64 trillion yen, 721 billion yen will be covered by the organizers, 702 billion yen by the Tokyo Metropolitan Government and 221 billion yen by the Japanese government.
