Beijing will spend less than that of Athens for the 2008 Olympic Games, which had cost 2.4 billion US dollars for the Greek capital, a senior official of the Beijing Organising Committee for 2008 Olympic Games (BOCOG) said on Monday.

"Beijing will adhere to the principle of 'frugal Olympics' in organizing the 2008 Games. We used the paper two-sided now," Jiang Xiaoyu, executive vice-president of BOCOG, said on a forum of International Chinese Media held in Wuhan, capital city of central China's Hubei province.

Beijing has its original operating budget of 1.609 billion US dollars for the Games, and will earn 1.625 billion US dollars. There will be financially a positive outcome about 16 million US dollars, Jiang said.

Source: Xinhua