EconomyForex

Bachmann thanks senators in backing PSC budget increase bid

2 Mins read













THE PHILIPPINE Sports Commission (PSC) is getting a boost from the Senate in the government agency’s bid to secure P3.7 billion in funding for the complete rehabilitation of the decades-old Rizal Memorial Sports Complex.

In the PSC’s corner with supportive arguments are Sen. Christopher ‘Bong’ Go, chairman of the Senate Committee on Sports; Sen. Juan Edgardo ‘Sonny’ Angara, chairman of the Committee on Finance; and Sen. Pia Cayetano, chairperson of the Committee on Sustainable Development Goals, Innovation and Futures Thinking.

“We are thankful to Senator Go and the esteemed members of the Senate for rallying behind the PSC’s pursuit of budget increase for 2024. We look forward to elevating our athletes to new heights with this support,” said PSC Chairman Richard Bachmann.

Also the vice chairman of the Senate Committee on Finance, Sen. Go expressed his concern at the disparity between the proposed budget for the PSC from the Department of Budget and Management (DBM) compared to the overall appropriations for the entire national budget, pointing out DBM only approved P200 million for the sports body for 2024, a mere 0.004% of the proposed national budget.

Sen. Go questioned the reason given behind such low allocation considering the significant role of sports in nation-building and the high expectations placed on Filipino athletes in international competitions.

The successful hosting of the 2023 FIBA Basketball World Cup in promoting the country’s image internationally cannot be overemphasized enough, Sen. Go said, making it imperative for the government to rethink the low priority with which it regards sports, in general, and athletes, in particular.

The senator also bared that the National Sports Development Fund, primarily sourced from the Philippine Amusement and Gaming Corp. (PAGCOR), remains insufficient for the needs of the athletes and the rehabilitation of aging sports facilities, like the Rizal Memorial Sports Complex, which opened to the public in 1934.

Sen. Angara, a staunch supporter of increased sports funding, expressed hope for the DBM to also give more consideration to the sports sector in future budgets, while lauding Sen. Go’s strong advocacy for the sports sector.

Lending her voice to the strong stand of her Senate colleagues, Sen. Cayetano stressed the value of sports in nation-building and the potential impact on youth development. She also emphasized the importance of tracking the benefits of sports engagement in preventing drug addiction and fostering national unity, as evidenced during international competitions.

“Sports play a vital role in nation-building. With our athletes given the necessary support, the betterment of Philippine sports is within reach,” concluded Mr. Bachmann, thanking the Senate as it submitted the PSC budget for plenary approval on Tuesday, Nov. 14.

CEDadiantiTyClea




Related posts
EconomyForex

DA allows imports of up to 21,000 tons of onions 

1 Mins read
PHILIPPINE STAR/WALTER BOLLOZOS THE Philippines’ Agriculture department said on…
EconomyForex

Dry soil to curb Asia’s early 2024 rice output, pressure supply 

2 Mins read
SINGAPORE – Asian off-season rice production is poised to…
EconomyForex

People-centric approach needed in adoption of AI — experts

3 Mins read
STOCK PHOTO | Image by Gerd Altmann from Pixabay…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *