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Olympics: Tokyo 2020 slashes budget to US$17 billion

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Published Wed, Dec 21, 2016 · 09:50 PM

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Tokyo

TOKYO Olympics organisers unveiled a smaller budget of up to US$17 billion on Wednesday after coming under pressure to cut ballooning costs.

The figure, down from last month's pledge to cap spending at US$17.78 billion, follows warnings that the bill for the 2020 Games could soar as high as US$30 billion.

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