Tokyo 2020; Updated budget (Version 5) unveiled

Ever since the historic decision of the postponement of the Games due to the COVID-19 pandemic, all possible optimisation and streamlining measures aimed at simplifying the operation of the Games have been discussed and progressed in cooperation with the IOC and IPC. The version five budget reflects the reduction of expenses arising from these simplification measures. This version constitutes an update of the OCOG budget version four announced in December 2019, based on the agreed allocation of additional costs due to the COVID-19 pandemic for the Games between Tokyo 2020, the Tokyo Metropolitan Government and the Government of Japan that was announced on 4 December 2020.

Compared with the version four OCOG budget, total expenses have increased by USD 0.9 billion ―including USD 0.3 billion for Paralympic expenses – to a total of USD 6.7 billion.

The OCOG budget, which already includes a significant contribution from the IOC, foresees revenues increasing by USD 0.7 billion, which will help cover the additional expenditures arising from the postponement of the Games. A further USD 0.1 billion of additional expenditures, if they cannot be covered by Tokyo 2020, will be met by the Tokyo Metropolitan Government.

The OCOG budget includes USD 1.2 billion of temporary and overlay facility expenditures, an increase of USD 0.3 billion over the version four budget, operational expenditures of USD 1.6 billion, an increase of USD 0.4 billion, and general affairs and communication expenditures of USD 0.8 billion, an increase of USD 0.2 billion.