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NAGANO OLYMPIC ORGANIZING COMMITTEE DRAWS UP BUDGET

Published March 26, 1996

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     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).
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