How much will the Paris Olympics cost the French treasury?

The Paris Olympic and Paralympic Games of next summer will cost the French public coffers between 3,000 and 5,000 million euros, indicated this Tuesday the President of the French Court of Auditors, Pierre Moscovici.

In an interview with public broadcaster France Inter, Moscovici pointed out that “these Games should be worth three, four or five billion,” although they “still don’t” know their value, he said.

“The Court (of Accounts) will audit it after the Games, Moscovici added, former Minister of Economy and former European Commissioner for Economic Affairs. However, he emphasized that the Olympic bill would have a “moderate” impact on French public debt.

These statements come on the same day that it was announced that the French public deficit will increase to 5.5% of GDP in 2023 (six tenths more than expected) and that the country’s public debt will reach 110.6% of GDP in end of 2023. end of 2023. last year.

He Games Organizing Committee It also keeps the pulse in the region of French island (responsible for public transport in Paris and its surroundings) to allow people with official accreditation for the event, estimated at 200,000, to travel free of charge on subways, buses, buses and commuter trains.

However, the president of the region, the conservative Valerie Pecresseyesterday rejected that idea, estimated to cost around 10 million euros.

“I tell the Committee to optimize its income and for sponsors to roll up their sleeves. I think there is enough income margin” to have free transportation for those accredited, said the president of the region in a press conference.