French Sports Minister Laura Flessel (R) and French Transports Minister Elisabeth Borne leave the Elysee Presidential Palace after attending a weekly cabinet meeting on March 7, 2018 in Paris. / AFP / ludovic MARIN
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Barely six months after Paris was picked to host the 2024 Olympics and more than six years before those Games are scheduled to open, French budgetary watchdogs are warning of cost overruns.To prevent what one French economist, Wladimir Andreff, called "the curse of the victorious bid" French authorities are already scrutinizing plans to ensure that Paris holds as closely as possible to its 6.8 billion euro ($7.9 billion) budget and, in particular, does not exceed the 1.5 billion euros the government has promised to contribute.The Olympic price tag has long had a habit of growing. The provisional report raised questions about the planned Olympic village by the Seine north of Paris, which is intended to accommodate 10,000 competitors and then become 3,000 housing units.
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