Olympic budget blowouts will be covered by private money, minister pledges
Queensland's Olympics minister Tim Mander pledged private funding will cover any budget overruns for the 2032 Games, rejecting taxpayer contributions. The operational budget is under review after organising committee chief Andrew Liveris questioned the $4.9 billion estimate's accuracy. Mander said the government secured Commonwealth Bank's $200 million sponsorship and will pursue additional revenue sources to offset costs.
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Published 20 Jul 2026, 01:48 UTC · Updated 20 Jul 2026, 01:50 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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