Olympics To Come In Under Budget
MPs have expressed concern the London Olympics will go way over its £9.3bn budget - and said it was "staggering" the initial estimates about security costs were so wrong.
The Public Accounts Committee (PAC) has also raised doubts about the Games' legacy and warned the Olympic Stadium in Stratford must not become a white elephant.
The Government says it is confident London 2012 will come in under budget.
..."The cost of purchasing the Olympic Park land will ultimately come back to the public purse through the resale of the land after the Games and was therefore not included.
"Funding for the legacy programmes, that the PAC refer to, comes from existing business-as-usual budgets and we have been clear about this. These are for projects designed to capitalise on hosting London 2012 but are not an additional Olympic cost."
I understand now - "under budget" means not putting all that boring stuff like buying the land and building stuff that will last more that two weeks into it. So does that mean the whole £9.3 billion is being blown in the fortnight?