Allowances of national athletes and coaches will be cut in half next month.
The Philippine Sports Commission is set to do this as it imposes this June.
The PSC board made this decision following a board meeting last Friday and with the Philippine Amusement and Gaming Corp. turning over a remittance of P9 million this month -- its lowest in years.
“With much regret and after several discussions within the board and senior officers of the agency, a 50% reduction on allowances of athletes and coaches shall be effected starting June 1,” said Ramirez in a statement.
The agency will start remitting the reduced allowances to the national athletes and coach by July.
Ramirez said the National Sports Development Fund, has been greatly affected after health measures and lockdowns were implemented throughout the country by the government to contain the ongoing coronavirus pandemic.
The PSC convened a board meeting to discuss on what measures they will take in their programs for national athletes and coaches with the situation that they are facing.
“This action was taken in order to sustain the granting of allowances until December 2020. This is a hard decision to make, but one that needed to be done so we can continue caring for our athletes longer,” added Ramirez.
The PAGCOR remitted P150.75 million to the PSC on March 31, 2020 from the corporation's February earnings.
Ramirez later made assurances that once the NSDF reaches a comfortable level again, financial assistance will be restored to the present rate.
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