BUDGET 2023: $4.3B allocated for further development of Sport

The development of sport in Guyana has received more support with the government investing $4.3 billion, according to Finance Minister, Dr. Ashni Singh.

Dr. Singh made the disclosure during his 2023 Budget presentation on Monday in the National Assembly.

In 2022, $2.2 billion was budgeted for sport.

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.

Additionally, funds have been available for the construction of multipurpose sporting facilities in the hinterland; rehabilitation works at the Cliff Anderson Sports Hall; construction of stands and grass mounds in Regions Two and Six; extension of the Squash court at the National Racquet Centre, and the procurement of sports gear.

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

The Senior Finance Minister reflected on the accomplishments of 2022 and highlighted Guyana’s successful bid to host the finals of the Caribbean Premier League until 2024; the return of the Inter-Guiana Games after five years; and the strategic partnership to have the South Dakota Circuit upgraded to international standards.

The inaugural One Guyana President’s Cup, held in partnership with the Guyana Football Federation and numerous corporate partners, was also highlighted.