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France’s court of auditors reports modest economic impact from 2024 Paris Olympics
The Court of Auditors reported public spending exceeded €6.6 billion with a modest 0.07% GDP growth impact and an operational profit of €75.7 million for Paris 2024.
- On September 29, 2024 the French Court of Accounts reported that public expenditure on Paris 2024 exceeded six billion euros, while the auditors said the Games generated moderate revenues with negligible growth impact.
- With a provisional €2 billion operations budget, the Organizing committee of Paris 2024 reported public spending of €3.02 billion for organization and €3.63 billion for infrastructure, funded mainly by private sources and Solideo.
- Auditors flagged erratic budgeting after French state security spending reached €1.44 billion, but the Cour des Comptes judged security largely successful despite sabotage of high-speed rail lines on opening day.
- Short-Term indicators show COJO posted a 75.7 million profit, public revenues reached 293.6 million, and the 2024 GDP impact was +0.07 percentage point, auditors said.
- With the 2030 Games approaching, opponents of the Winter Olympics have launched legal action demanding a public debate, and the auditors said the final bill rose above 5.9 billion but did not represent "budgetary overspending.
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36 Articles
36 Articles
Paris Olympics 2024: public expenditure over 6 billion €, modest revenues (293 million) and minimal impact on GDP (+0.07%). Court of Auditors critical estimates underestimated and cost security from 1.44 billion €
·Italy
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The French state has had a lot of money out of its pocket to hold last year's Summer Games and Paralympic Games in Paris, but that doesn't necessarily mean that hosting has been a bad business.
·Aarhus, Denmark
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Coverage Details
Total News Sources36
Leaning Left8Leaning Right6Center5Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 26%
R 32%
Factuality
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