Moldova to Change How Sports Federations Are Funded
EUR/MDL - 20.05 0.2277
USD/MDL - 17.35 0.3433
VMS_91 - 3.03%
VMS_364 - 9.54%
BONDS_2Y - 7.40%
GOLD - 4,343.85 0.04%
EURUSD - 1.15 0%
BRENT - 83.76 1.92%
SP500 - 773.03 0.03%
SILVER - 63.94 0.72%
GAS - 2.89 8.25%

Funding for sports federations will change

It is proposed that funding for sports federations from the state budget be calculated using a new formula. When allocating funds, consideration will be given not only to athletes’ results in international competitions, but also to the number of registered athletes, the complexity of a particular sport, and the actual costs of training and participating in competitions.
Svetlana Rudenco Reading time: 1 minute
Text size
Link copied
Arena Chișinău

Photo: Arena Chișinău

The need to change the funding system is explained by the fact that the current formula is largely focused on international achievements. As a result, federations with a small number of athletes but strong athletic results can receive significant amounts from the budget.

Under the proposed system, federations will be divided into several categories. Specific criteria and weighting coefficients will be established for each category. The amount of funding will depend on the specific nature and level of development of the respective sport.

A separate “complexity coefficient” is planned to be taken into account. Its calculation will consider the duration and complexity of athlete training, travel and competition expenses, and the need for specialized infrastructure and equipment.

The ministry plans to transition the documentation for obtaining funding to an electronic format. Applications will be submitted through a dedicated platform administered by the relevant government agency.

The Ministry of Education and Research believes that the new system will allow for a more equitable distribution of budget funds.


Follow our updates


Реклама недоступна
Related*
More from author*

We always appreciate your feedback!

Latest news
Popular now*
Must Read*