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NAGANO OLYMPIC ORGANIZING COMMITTEE DRAWS UP BUDGET
Published March 26, 1996
NAOC has drawn up an operating budget for the '98 Games of 94.5B yen, up 18.5B yen over their initial plan, according to KYODO NEWS. NAOC put telecom expenses at 16.7B yen, up 11.6B yen. Transportation, hotel and security expenses were 6.7B yen, up 3.5B yen. Broadcast revenues are estimated at 29.2B yen, down 4.1B yen from the original plan, and sponsorship revenue is listed at 26.3B yen, down 5.9B yen. Nagano city and other local governments are expected to double their combined financial burden to 5B yen to make up for revenue shortfalls (KYODO NEWS, 3/23).