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As in the majority of mega-events, also in the case of London the budget presented in the bid underestimated the real costs, and final expenditures almost tripled the initial spending plan.
This is great news, because there is nothing more painful for a campaign in the closing days than having to juggle messages and final expenditures between swing and base voters who are very different kinds of folks and need to hear different messages.
If only there had been signs, like the studies showing that the Olympics exceed their initial cost estimates 100percentt of the time, with final expenditures averaging double the originally projected costs, or the games' undefeated record of driving blatant human rights violations against poor, minority populations.
Similar(57)
Household final consumption expenditures is the indicator used to evaluate affordability within the countries [ 20].
Countries are ranked by household final consumption expenditures from highest on the left to lowest on the right.
The per capita 2003 household final consumption expenditures were calculated for the total population and by income group, to allow for evaluation of the results by population segments, e.g. the poorest 30%, 50%, and 70% of the population.
A similar range and standard deviation were observed for prices for the selected international and the cheapest available brands only as proportion of annual household final consumption expenditures per capita for the poorest 30% of the population.
Comparison of the ratio of the lowest and median toothpaste prices to household final consumption expenditures, by country, showed that as the per capita income decreases the proportion of annual per capita income required for the annual therapeutic dose of toothpaste increases.
WHO/HAI suggests comparing "the cost of therapy with the daily wage of the lowest paid government worker [ 21]." The current study did not utilise wage information since it was not readily available; instead, household final consumption expenditures were used as a proxy for annual income.
The date of submission of the final expenditure report, as referenced in 2 CFR 200.333, will be the final date of submission of the reports required by paragraphs (f)(1) and (2) of this section, as prescribed by CCC.
The final expenditure of the scenarios, reported in basic price and formatted according to the UK IO format, is available in the online appendix (Table A.2).
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