The London 2012 Olympic Games will not be protected from budget cuts under the new government, according to the new Culture Secretary Jeremy Hunt.
Mr Hunt told the BBC’s Newsnight: "Olympic money is not protected.
"None of the Department for Culture Media and Sport’s budgets are protected."
Labour’s former Olympic’s minister Tessa Jowell said the government should be "very careful" about destabilising the Olympic budget.
Mr Hunt said if the required cuts were spread evenly between all government departments, his would have to find £66m of savings.
He added: "We are looking at all of them [Department for Culture Media and Sport budgets] and saying, can we save this money without affecting core services?"
But Ms Jowell said: ”The Tories should be very careful about destabilising the Olympic budget.
"The Olympic budget has a substantial contingency, which has enabled the project so far to be delivered on budget and on time.
"Reducing the available contingency could well lead to short term savings, but greater costs in the long term.”
The Olympic Delivery Authority would not comment.
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