A draft of the overall budget for the 2020 Olympics looks like it will finally be made in December, according to the chief auditor of the metropolitan government team reviewing costs for the Tokyo Games on Wednesday.

Shinichi Ueyama, the Keio University professor heading an investigative panel selected by Tokyo Gov. Yuriko Koike, said he is optimistic that the budget for the Games — which has never been set and could soar past ¥3 trillion, according to Koike's team — will be capped next month.

The International Olympic Committee's coordination commission for the games will meet in Tokyo on Dec. 1 and 2, followed by a meeting of its executive board in Lausanne, Switzerland, from the Dec. 6 to 8.