Beijing to ensure balance between income and expenditure in Olympics

August 2nd, 2008 - 6:02 pm ICT by IANS  

Beijing, Aug 2 (Xinhua) Beijing Olympics Games organisers say they will not be extravagant in spending and will maintain a balance between income and expenditure. “We will ensure the balance between income and expenditure for the Games and strive to make income slightly more than expenditure,” said Shen Yuyun, deputy director of Finance Department of the BOCOG, at a press conference in the Main Press Centre Friday.

Shen said the budget for the Games operation changed three times.

“Originally our budget was $1.625 billion when we applied for hosting the Games. Now the final budget is more than $2 billion, which has been approved by the International Olympic Committee.”

“We have a large-sum expenditure assessment team, which consists of staff in the BOCOG’s five departments, such as finance, auditing and personnel,” the official said.

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