Wei Jizhong

Over-budget Olympics still won't end in deficit says former top man

Wei JizhongBeijing - The over-budget Beijing Olympic Games will still not register a deficit, Wei Jizhong, the Chinese Olympic Committee's former general-secretary, was quoted by state media as saying Friday.

The total cost of the Games was recently estimated to be 2.2 billion US dollars, far exceeding the original 1.6 billion dollars estimate made by China when it bid for the Olympics back in 2001, Wei was quoted by the Xinhua news agency saying.

But revenue was also likely to have surpassed projections, he said, without disclosing figures.