SEA GAMES: DBM assures SEA Games organizers of financial help

ABS-CBN Sports on Mar 22, 2019 08:30 PM
DBM assures SEA Games organizers of financial help
The Department of Budget and Management will back the hosting of the 30th Southeast Asian Games 'regardless of the outcome of the budget impasse.'

The Department of Budget and Management assured the organizers of the 30th Southeast Asian Games that the agency will finance the country’s hosting of the event in a statement released Friday.

“All the necessary requirements for the hosting of SEA Games will be financed, regardless of the outcome of the budget impasse,” according to the statement.

The Philippine Southeast Asian Games Organizing Committee (PHISGOC) earlier denied reports that the country could lose the hosting rights for the biennial meet because of ‘lack of funding and unrest among officials’.

Standoff in the Congress and Senate on the release of the 2019 national budget, which includes the P5 billion allocation for the SEA Games, hosting posed as one of the biggest challenge for the organizers of the sports spectacle set to open on November 30.   

PHISGOC in its statement said that it has already ‘laid the groundwork for success of the SEA Games’ with the construction of the New Clark City Sports Complex, which is ‘on track for completion by September 2019’.

This was supported by the DBM.

“The construction of sports facilities for the Southeast Asian Games (SEA Games) is well underway through a Public-Private Partnership Agreement,” according to DBM.

“Meanwhile, non-infrastructure requirements may be partially funded by the National Sports Development Fund,” continued DBM’s statement. “In addition, DBM will be evaluating and recommending other possible sources of funding should the reenactment of the 2018 budget continue.”

“We are still hopeful, however, that the Senate and the Lower House will resolve the budget impasse and submit the enrolled bill for consideration of the President.”

The country took over the hosting rights after Brunei backed out back in 2015. The 30th SEA Games will have 56 sports with 523 events.

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