21.08.2012

Based on the results of the inspections of the sports federations performed by the financial inspectorate I will propose changes in the overall funding of sports in the 2013 budget, namely the federations themselves to have considerably smaller opportunity to apply for and to receive all the money for hosting competitions, said Minister of Finance Simeon Djankov in an interview for Focus Radio. The federations will be able to apply but the money for hosting competitions will go to the ministry and will be paid through a directorate of its, the Minister clarified. He added that he would insist on the separation of \"money for mass and club sports and sport mastership\". This idea is still being fine-tuned, but I would like for it to be included in the next year budget, the Minister of Finance said.