KUALA LUMPUR: The government has allocated RM324mil for sports development, upgrading sports facilities and enhancing training programmes for athletes under Budget 2023 that was tabled in the Dewan Rakyat Friday (Feb 24).
Prime Minister Datuk Seri Anwar Ibrahim, who is also the Finance Minister, said the allocation was to develop the overall ecosystem of sports, identify talent, develop athletes as well as for maintenance and upgrading of sports facilities in the country.
Anwar also announced an allocation of RM5mil to the National Athletes’ Welfare Foundation (Yakeb) for the well-being of national athletes who had served the country.
"The government has also proposed a 10% tax exemption to companies that help in the development of athletes and those who employ former athletes,” he said when tabling the budget.
The Prime Minister also announced an additional RM20mil for unity programmes in sports, culture, and arts at school and community levels, while a further RM50mil in matching funds would be made available to encourage private sector sponsorship for sports, unity-based sports and national-level competitions. - Bernama
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