Olympic Updates

The 2012 London Olympic Games could go over its £9.3B ($19.1B; €12.9B ) budget, a top official admitted Tuesday.

The London Olympics budget is “slightly out of control” and is sapping resources from other social and cultural activity such as the arts, according to Paul Myners, chairman of the Tate.

John Armitt, the chairman of the Olympic Delivery Authority, told a British parliamentary committee that the £2.7B ($5.5B; €3.7B) fund set aside for budget overspend may not be enough.

Armitt said the ODA, which is responsible for building the venues and infrastructure for the Games, was sticking to tight budgets, but was unable to promise that there would not be overruns.

• London Olympics face budget fears >
• London Olympics budget ‘out of control’ >