KATHMANDU, May 29: The government has allocated a budget for the development of the sports sector in the country. Presenting the annual budget for the upcoming fiscal year 2022/23 in parliament on Sunday, Finance Minister Janardan Sharma said that the government attaches high priority to the sports sector.
Delivering his budget speech, Finance Minister Sharma said that the construction of the Mulpani-located international cricket stadium will be completed in the current fiscal year while the Kirtipur Cricket Stadium will be upgraded to conduct games even at night as well.
Similarly, the construction of the incomplete Gautam Buddha International Stadium will also start in Chitwan. The government has also allocated a budget for the 9th National Games and for the construction of required infrastructure for the 10th National Games.
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Minister Sharma said that the government has also allocated a budget to construct a women’s cricket academy and stadium in Kohalpur of Banke.
The government has also fixed a budget of Rs 870 million for the development of sports infrastructure as well as creating provisions to encourage the private sector to operate sports academies in the country.
A suitable environment will be created for foreign clubs to organize franchise leagues in the country. Likewise, medal winners in the Asian and Olympic competitions will be provided with lifelong monthly financial incentives.
The government has allocated Rs 2.46 billion for the Ministry of Youths and Sports.
