The budget for the Paris 2024 Olympic and Paralympic Games has now been closed, with a surplus of around €27 million ($28.3 million).
Tony Estanguet, president of the organizing committee for those events, confirmed that figure at the final board meeting for Paris 2024, also unveiling that the final budget for the two games is set to reach €4.48 billion.
Income exceeded expenditure for the Olympics (which took place between July 26 and August 8) and Paralympics by €26.8 million in total, with outgoings amounting to €4.45 billion.
Estanguet, speaking to media before the board meeting, said: “It is very satisfying to present these figures because they are positive.”
The initial budget for the games was set at €3.8 billion, before regular upwards adjustments - including for €400 million in December 2022 - were made to account for factors including inflation.
Of the funding provided, €1.238 billion came from sponsors, €1.228 billion from the International Olympic Committee (IOC), and €1.333 billion through ticket sales. Overall, more than 12 million tickets in total were sold for the events, and the original forecasted ticketing revenue has been exceeded by €348 million.
In total, public subsidies came to €204.1 million, less than 5% of the total budget - in the end, this figure was used entirely to fund the Paralympic Games, which took place in the French capital between August 28 and September 8.
The financial results have also meant that Paris 2024 does not need to break into the €43 million reserve financial package that would have been available if necessary. Elements of this extra funding would have been provided by the metropolitan, regional, and federal governments.
In terms of the expenditure, the organizing committee has said the increase from the forecast expenditure to the eventual, total, number, was the smallest (only 17%) recorded by a games' organizing committee in the modern era.
It was also compensated for by the fact that income was 18% higher than anticipated in that same original budget forecast.
