Development of Sport sector allocated record $4.3B in Guyana 2023 budget

`2023 bodes even better and more brightly than 2022 for sport investment in Guyana’

The PPP/C Administration’s commitment to building a more inclusive society, saw continued investments in the young people of the country, through the Ministry of Culture, Youth, and Sport (MOCYS).

The sport sector has been allocated a record $4.3B in this year’s budget. This is according to Senior Finance Minister, Dr. Ashni Singh, who made the disclosure yesterday during his 2023 national budget presentation in Parliament.

The sum of $4.3B is a significant increase, it almost doubles last year’s allocation of $2.2B and almost triples the 2021 allocation of $1.5B.

Reading from a prepared speech, Singh stated that, “2023 bodes even better and more brightly than 2022 for sport investment in Guyana.”

According to Dr. Singh, provision has been set aside for the establishment of a National Cricket Academy, while the construction of the state-of-the-art stadium at Palmyra, Berbice, is also slated for this year.

Further, the sum of $250 million is budgeted for the continued improvement of community grounds across the country.

In addition, one of the most notable announcements in this sector was the inclusion, for the first time in the history of Guyana, of an initial sum of $100 million towards the endowment funds for the arts.

“Indeed, the preservation and promotion of our unique Guyanese cultural identity will be central to the definition of who we are as a nation, both now and in the long term,” the minister noted.

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