The Newz Radar
DHARAMSHALA: India has left the world stunned by the grand G20 summit organised in New Delhi on September 9 and 10. Now, the big question striking everyone’s mind is how much did India spend on the two-day grand show.Though there is no official disclosure on the expenditure yet, it is being estimated that the Narendra Modi government has spent ₹4,100 crore on the G20 summit. Out of this ₹4,100 crore, ₹2,700 crore has been spent on the construction of the venue Bharat Mandapam alone. An amount of ₹990 crore was allocated for the G20 summit in the Union budget in February.
But the actual expenditure has been 4 times the estimate.Let’s take a look on how much other host countries have approximately spent on G20 summits in the past: 2013: Russia spent a meagre ₹170 crore on the G20 summit held at St Petersburg2022: Indonesia spent an approximately ₹364 crore on the summit held in Bali 2017: Germany spent over ₹642 crore on hosting the summit in Hamburg2011: France spent ₹712 crore on the summit held in Cannes 2018:
Argentina spent ₹931 crore on the summit organised in Buenos Aires2019: Japan spent ₹2,660 crore on the summit organised in Osaka 2014: Australia spent ₹2,653 crore on the G20 summit held in Brisbane2010: Canada spent ₹4,351 crore on the summit held in Toronto 2016: China is learnt to have spent a whopping ₹1.9 lakh crore on holding the G20 Summit in HangzhouThe G20 was founded in 1999 after the Asian financial crisis as a forum for the Finance Ministers and Central Bank Governors to discuss global economic and financial issues.
