SEA Games ran S$60.4m under budget: Grace Fu

SEA Games ran S$60.4m under budget: Grace Fu

Last year's SEA Games cost Singapore S$60.4 million or about 18.6 per cent below the budgeted amount of S$324.5 million, according to figures given by Minister for Culture, Community and Youth Grace Fu.

SINGAPORE: The bill for staging the Southeast Asian (SEA) Games last year came up to S$264.1 million - well within its S$324.5 million budget, said Minister for Culture, Community and Youth Grace Fu on Monday (Oct 10).

Ms Fu gave the figures in a written reply to a parliamentary question on the cost of staging the 2015 SEA Games. "The net cost was S$60.4 million below the budgeted S$324.5 million announced in January 2015," she wrote.

There had been concern over whether the SEA Games would encounter similar issues as the staging of the inaugural Youth Olympic Games in 2010, where the final amount spent was S$387 million, more than three times the initial sum allocated.

Last May, the SEA Games Organising Committee’s (SINGSOC) chief of community and corporate outreach Toh Boon Yi said the cost of staging the SEA Games would not exceed its budget of S$324.5 million.

In her written reply on Monday, Ms Fu added: "The income and expenditure for the organisation of the 28th Southeast Asian Games have been included in the Annual Financial Statements of the Sport Singapore Annual Reports over Financial Years 2013, 2014 and 2015.

"These have been independently audited and made public."

The 2015 SEA Games, where Singapore hosted more than 7,000 athletes and officials from 36 sports, was the largest multi-sports event that the country has organised to date.

Source: CNA/sk