“Historic” €1 billion Spanish Olympic Sports Boost Announced
The Spanish Prime Minister, Pedro Sanchez, has announced an “historic” investment into Spanish sports in to build on the success of the Tokyo Olympics and be ready for the next games in Paris in 2024.
Speaking to Olympians and Paraolympians at a ceremony in at the Higher Council for Sports Complex in Madrid, Sanchez said they are “the best representatives our country could have”.
“Tokyo 2020 was the start of a new era in public policies to support Olympic and Paralympic sport in our country, with the largest budget ever allocated after Barcelona 92, 400 per cent more than in previous years.
“Between 2019 and 2023 we are going to dedicate one billion euros to sport, almost 40 per cent more than in the period 2015-2018. We are able to make this commitment because we are the only European country that has made sport one of the levers of economic recovery,” he added in reference to the sustainability commitment in the EU Recovery Package.