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The budget of the Olympic Games-2020 in Tokyo due to rising prices will have to be revised

The organizers of the Olympic Games in Tokyo in 2020 year, are forced to revise the budget of the games in connection with rising prices, reports Japan Today.

Governor of Tokyo Yoichi Masuzoe said at a city meeting that the fiscal burden, the cost of labor and building materials are growing. In this regard, it is necessary to revise the overall cost plan for preparing for the Olympics.

Japan has already informed the International Olympic Committee about this.

At the same time, the search for cost optimization solutions is carried out. In particular, Yoshiro Mori, who heads the organizing committee for the preparation for the Games, prepared a statement on financial changes that may concern, for example, the size and design of the Tokyo National Stadium at 800 thousand seats. Although there is no talk about transferring it to another place.

The Japanese Sports Council has already revised plans to spend 300 billion yen on a 75-meter stadium - now the amount has decreased to 169 billion yen.

In April, the Japanese capital authorities have already announced the need to increase the budget for the preparation for the Olympics 2,5 times - up to about 7,8 billion dollars.

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