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Home NATION Government Denies Overspending Claims for G20 Summit, Cites Asset Creation

Government Denies Overspending Claims for G20 Summit, Cites Asset Creation

The central government disputes accusations of excessive spending on the G20 Summit, claiming that the money was mostly used to create long-term assets and enhance infrastructure outside of the summit's hosting.

G20 Summit
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G20 Summit: The central government denied the reports of excessive spending for the G20 Summit on Monday, calling them “misleading.” In an article titled “Fact Check,” the Press Information Bureau refuted the assertions made in a tweet by Trinamool Congress MP Saket Gokhale, stating that the expenditure in question was “mainly for permanent asset creation.”

MC Alleges Overspending, Government Defends Investment in Infrastructure

“A tweet claimed that the government spent 300 percent more on the G20 than the funds allocated in the budget. The PIB Fact Check tweeted, ‘This claim is misleading. The quoted expenditure is mainly for permanent asset creation by ITPO and other infrastructure development, which is not limited to hosting the G20 Summit alone. ‘Gokhale, the national spokesperson of Mamata Banerjee’s party, had asserted that the fund allocated for the G20 summit in the last Union Budget was Rs 990 crore, but the government spent up to Rs 4100 crore. That’s 300 percent (or Rs 3110 crore) over the budget,’ he wrote on X, also questioning, ‘Where has this money gone?’ Why shouldn’t the BJP be made to pay this extra Rs 3110 crore, since it was clearly non-essential spending purely for Modi’s self-advertisement and personal PR for the 2024 elections?’ the TMC leader asked.

Government Defends G20 Summit Expenditure

However, the government claims that the funds were used to build permanent assets at Pragati Maidan by the India Trade Promotion Organisation (ITPO) as well as other infrastructure projects, which go beyond simply hosting the G20 Summit, he added. The G20 Summit, which India presided over, took place in New Delhi on September 9–10 in the Bharat Mandapam of the International Exhibition-Convention Centre (IECC) at Pragati Maidan.

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