Olympic Budget is almost 5 times original sum

The video discusses the financial aspects of the Olympic and Paralympic Games, highlighting the initial budget of £9.3 billion and additional costs that could raise the total to at least £12 billion. It covers government transparency in disclosing these costs and the challenges in calculating the total expenditure due to various funding sources. The video also explores Sheffield's investment in the Olympics and public opinions on the spending, emphasizing the potential economic benefits and job creation. Despite the lack of a central information source, it is clear that the final costs will exceed the initial budget.

What was the initial public sector funding package for the Olympic and Paralympic Games?

• £9.3 billion

• £300 million

• £12 billion

• £826 million

Why is it difficult to determine the total public spending on the Olympics?

• All costs are included in the initial budget.

• The government has not disclosed any costs.

• The costs are too low to track.

• There is no central source of information.

Which city is mentioned as spending £1,000,000 on the Olympics?

• Sheffield

• Manchester

• London

• Birmingham

What is one of the potential benefits of Olympic spending mentioned in the transcript?

• Increased taxes

• Job creation

• Higher inflation

• Decreased tourism

What is a criticism mentioned about the Olympic spending?

• It is not enough to cover all expenses.

• It is too large and includes unnecessary sports.

• It does not include enough sports.

• It is too focused on technology.