Sunday, June 10, 2018

Expenses for the Trump Kim summit

Singapore will be spending a lot of money to provide the security and facilities for the Trump Kim Summit.

However, most of the expenses will be "sunk cost", i.e. they are already incurred even if there is no summit. For example, the salaries of the police, soldiers and securities.

These resources are just diverted from their normal duties for the purpose of the summit.

The actual cost (i.e. additional cost) that will be incurred are for the dinners, meeting rooms and hotel bills that are hosted by Singapore. And, don't forget, the air flight and hotel bills of the foreign minister to Pyongyang.

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