Posted on 2009-07-15
KATHMANDU: The Ministry of Finance has allocated a budget of Rs 273.2 million for the sports sector for the coming fiscal. Finance Minister Surendra Pandey made this announcement during the budget speech in the parliament on Monday. This is an increment by 32.94 per cent from the current fiscalīs budget.
Of the budget allocated for sports, Rs 223 million will be spent on regular expenditures and Rs 50 million for development. Last year Rs 205 million had been allotted for the sports sector.
Pandey also declared that national-level stadiums will be built in Sunsari, Chitwan and Kailali and a sports academy in the Hetauda. He also expressed commitment to provide lifelong remuneration to gold medal winner of the SAG and Olympics. However, no Nepali player has won a gold medal in Olympics so far.
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