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Escudero: Use PSC savings to fund Olympic drive

MAXIMIZING the Philippine Sports Commission’s savings of half a billion pesos could spell the difference in the country’s bid to end its medal drought in the Olympics three years from now in Rio de Janeiro.

With the PSC confirming the surplus from its corporate funds, Sen. Francis “Chiz” Escudero yesterday urged the agency to spend the money wisely with the buildup to the Olympics in mind.

PSC chair Richie Garcia offered the bulk of the savings to the national sports associations to boost their preparations for the Southeast Asian Games, Asian Games and the Olympics.

But Escudero said the PSC should look beyond the December SEA Games in Myanmar.

“This is the first time the PSC is claiming savings of as much as half-a-billion pesos that do not need to be returned to the national treasury,” he said.

“Any savings is always good news. Spending these savings wisely and effectively would make better news, however.”

Escudero, one of the Senate’s most vocal supporters of local sports, pushed for a bigger budget for priority sports to revive the country’s hope of winning its very first Olympic gold.

The Philippines has not won a medal in the Olympics since 1996, when boxer Mansueto “Onyok” Velasco bagged a silver in the Atlanta Games.

“The PSC has the capability to stop our decline this time,” Escudero said. “On the part of the national government, our top leaders could give the PSC’s programs an extra push, while we in Congress should make an extra effort to give the PSC its equitable share from the national budget as long as it could justify its expenses related to sports development.”

The Philippines ended up sixth in the last SEA Games edition in Indonesia.

“While the SEA Games remain important in our sporting calendar, we should not take our focus away from the Olympics,” said Escudero, an avid combat shooter and biking enthusiast.  Cedelf P. Tupas

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Tags: Philippine Sports Commission , Sen. Francis “Chiz” Escudero , Sports

  • http://pulse.yahoo.com/_6NV2NIE62WV3JGIGCBB7LFZBX4 generra

    hanggang nadyan si peping, wala tayong makukuhang medalya. track record shows.

  • http://pulse.yahoo.com/_4R3GZTGML26TV2VGS6RVHP2THM Fred

    Chiz, why did you not say that part of your MOOE will be given to the athletes’ welfare!
    You also convince Enrile.

  • delacruzjuana31

    Oh we’ll, as you all know. They can make statements like that because they are not part to make money from that. They have the skin of a rhinoceros, those senators are corrupted. If their group made savings, it is legal for them to have the money of the taxpayers not to be saved for the people who are suffering. To hell with them.

  • mabyrik

    Escudero, The nerve!!! -why not advice PSC to give that P500M savings to its top leaders as bonus instead of returning it or for other purposes for sports development. Sayang ang pera, ipabulsa mo na lang sa kanila. 

    That’s a lot of money to be returned to the National Treasury. If the senate can give any savings to senators as Christmas gifts or bonus, why are you preventing POC to receive that same perks you senators are receiving? Kapal mo, gusto mo kayo lang ang magmunini ng pera ng bayan.

    • arthur1410

      Ano naman ang maaasahan mo sa mga senador? Pakapalan lang ng mukha iyan. Ngayon kung isasauli ni Escudero iyong Christmas gift niya galing kay enrile, baka mabola pa ako, 

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