The government's allocation of RM184 million in Budget 2024 to the sports industry saw a significant decline of 46.1% compared to the RM399 million allocated last year.
The youth and sports minister was echoing Chef de Mission Datuk Chong Kim Fatt’s statement yesterday who claimed that the financial factor plays a big role in the progress of sports by the great powers including overall champions China, Japan, South Korea and India.
The government will establish a sports industry centre of excellence in collaboration with selected higher education institutions to develop the sports industry.
