How much Tokyo Olympics Cost to Japan
In the latest study by the University of Oxford says the official price tag for the Tokyo Olympics is USD 15.4 billion, which is the most expensive on record. All but USD 6.7 billion comes from public money from Japanese taxpayers. According to the latest budget, the IOC's contribution is USD 1.3 billion. It also chipped in several hundred million more after the pandemic.
The study found that all Games since 1960 have had cost overruns averaging 172%. Tokyo's cost overrun is 111% or 244% depending on which cost figure you select.
Several Japanese government audits say the real outlay for the Tokyo Games is even more than the official figure, perhaps twice as much.
"The IOC and host cities have no interest in tracking costs because tracking tends to reveal cost overruns, which have...