- Prime Minister Lee Hsien Loong estimated the summit would cost about $14.68 million.
- The actual cost was reported to be approximately $11.97 million.
- Singapore confirmed that they would foot the bill.
The actual cost of the summit which saw American President Donald Trump and North Korean leader Kim Jong Un meeting in Singapore earlier this month has been revealed by the Ministry of Foreign Affairs (MFA).
Though Prime Minister Lee Hsien Loong had previously estimated that the summit would cost around S$20 million ($US14.68 million) to host, the cost of the meeting was reported to be approximately S$16.3 million ($US11.97 million) .
According to a the statement issued by MFA on Sunday June 24, the biggest component of that the money was used on security.
The summit took place on 12 June at Capella Hotel on Sentosa, with the purpose of supporting the "international efforts to achieve peace and stability on the Korean Peninsula", the MFA said.
The meeting, which was historic as it was the first meeting between the two previously-feuding leaders, was met with a mixed reception by both world leaders and the general public on the Internet.
Singapore announced that it would be paying for the bill, which included Kim's hotel stay in the presidential suite of luxury five-star hotel St. Regis Singapore.
The summit was closely watched by thousands of international journalists who arrived in Singapore and everything from the early celebration of Trump's birthday to the various food creations by restaurants and hotels to commemorate the event all made the news.
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