Credited from: LEMONDE
The final cost for staging the 2024 Paris Summer Olympics and Paralympics reached €6.6 billion (approximately US$7.7 billion), as announced by the national audit body. This figure reflects an increase from the initial estimate of €5.9 billion made in June, but officials clarified that this does not indicate "budgetary overspending," according to South China Morning Post, Le Monde, and Dawn.
Out of the total cost, the French government spent €3.02 billion, a portion of which, €1.44 billion, was specifically dedicated to security measures. Additionally, €3.63 billion was invested in related infrastructure projects, including efforts to prepare the River Seine for swimming events, according to South China Morning Post, Le Monde, and Dawn.
In comparison, prior budget estimates suggested public investment would be around €2.44 billion in 2023. Pierre Moscovici, the head of the audit body and a former finance minister, noted that the Games were a "notable success" despite generating "significant public spending." He reiterated that the public costs had been "contained and regulated," according to South China Morning Post, Le Monde, and Dawn.
The local organizing committee disclosed separate costs amounting to €4.4 billion, which included a surplus of €75 million, primarily funded through private investments and managed by Solideo, the organization overseeing Olympic construction projects. Concerns were raised regarding the budgeting process for security, which was described as "erratic," according to South China Morning Post, Le Monde, and Dawn.
As highlighted in the audit, the short-term economic impact of the Paris 2024 Games appears to be "modest" at this stage, raising questions about long-term benefits, according to South China Morning Post, Le Monde, and Dawn.