The lack of money flowing in as the country deals with a pandemic has forced national sports officials to cut back on athletes and coaches’ allowances.
The Philippine Sports Commission on Friday said those allowances will be halved effective June 1.
“This is a hard decision to make, but one that needed to be done so we can continue caring for our athletes longer,” PSC chairman William “Butch” Ramirez said as the sports body convened on Friday.
According to Ramirez, the National Sports Development Fund, which relies on remittances from the Philippine Amusement and Gaming Corp., has “considerably diminished,” a result of the lack of activities in the gaming sector.
The move was meant to make sure that allowances, even in its reduced rate, are handed out until December.
Ramirez added that, should the fund reach a “comfortable level again,” the pervading rates will be restored.
The decision came at the heels of the Bureau of Internal Revenue detailing the implementing rules and regulations of Republic Act 10699, or the National Athletes and Coaches Benefits and Incentives Act, giving beneficiaries a 20-percent discount on items such as food, medicine, recreation centers, hotels, and sports equipment purchases
(For more sports coverage, visit the ABS-CBN Sports website).