The President of the Court of Auditors, Pierre Moscovici, updated the French Parliament ©Getty Images

An audit report on the 2024 Olympic and Paralympic Games in Paris has found that the cost to the taxpayer could be as much as €3 billion (£2.66 billion/$3.22 billion) in the end.

The President of the Court of Auditors, Pierre Moscovici, told the French Parliament the price should rise, when presenting their report on the Olympic Games to the Culture and Education Committee of the Senate.

This report does not account for the recent budget revision of the Paris 2024 organisers, meaning this is based on the previous figure of €3.98 billion (£3.53 billion/$4.28 billion), instead of the new amount of €4.38 billion (£3.88 billion/$4.71 billion).

Safety over security and transport links were raised as potential problems at the Games too.

"The Games in general are often the subject of budgetary excesses which undermine the confidence of citizens in the advisability of hosting such events," said Moscovici in the report.

"It is no longer obvious.

"Acceptability is earned, it is conquered, it is deserved."

Paris 2024's budget could cost the public more than expected ©Getty Images
Paris 2024's budget could cost the public more than expected ©Getty Images

The current cost to the public sits at an estimated €2.4 billion (£2.13 billion/$2.58 billion), but Moscovici added that this could rise after he factored in "tax expenditure, security, health and transport expenditure".

He added that there had not been "any significant drift" in the budget.

"It's tense but it's playable," Moscovici said.

The 2024 Olympics are scheduled to take place from July 26 to August 11 next year, followed by the Paralympics from August 28 to September 8.