Beijing Revises Olympics Budget Up to $2 bln -- Beijing Review

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UPDATED: October-19-2007

Beijing Revises Olympics Budget Up to $2 bln

The appreciation of Yuan and the heightened tasks in security management have driven up Beijing's Olympics budget from 1.6 billion U.S. dollars to 2 billion U.S. dollars

The appreciation of Yuan and the heightened tasks in security management have driven up Beijing's Olympics budget from 1.6 billion U.S. dollars to 2 billion U.S. dollars, Liu Jingmin, executive vice president of the Beijing Organizing Committee for the 2008 Olympic Games, said here on Friday.

The figure still stays short of the 2.4-billion-USD budget for the Athens Olympics in 2004, he noted, adding that the committee would make a second revision of the budget in line with needs.

(Xinhua News Agency October 19, 2007)

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