Highlights

  • The final cost was twice what was forecast in 2013 when Tokyo was awarded the hosting rights
  • Japanese government covered about 55% of the total expenses
  • Tokyo was the most expensive Olympics on record

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The final price tag for the Covid-delayed Tokyo Olympics was twice the forecast when Tokyo was awarded the hosting rights

The final price tag for last year's Covid-delayed Tokyo Olympics was put at $13 billion, the organising committee said Tuesday in its final act before it is dissolved at the end of the month.

The cost is twice the amount that was forecast in 2013 when Tokyo was awarded the hosting rights. However, the final price tag presented by organisers is lower than the $15.4 billion they predicted when the Olympics ended just under 11 months ago.

Japanese government entities, primarily the Tokyo Metropolitan Government, covered about 55% of the total expenses which amounted to about $7.1 billion in Japanese taxpayer money.

The International Olympic Committee contributed $1.3 billion to this budget, with the largest contribution of $3.4 billion coming from local sponsors. Organisers also listed $500 million in income from an unspecified "insurance payout."

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