MANILA, Philippines — President Ferdinand Marcos Jr. on Tuesday announced that all Filipino athletes who participated in the 2024 Olympics in Paris, France will receive a P1-million cash incentive.
Meanwhile, their coaching staff will receive P500,000.
Marcos made the pronouncement in his speech during the welcoming ceremony for Team Philippines at the Malacañang Palace.
LIVE UPDATES: Team Philippines’ Heroes Parade and homecoming
“Lahat naman ng atleta natin, bigyan na natin basta nag-Olympian, bigyan na natin ng tig-iisang milyon (As for all our athletes, let’s give them P1 million each as long as they are Olympians.),” said Marcos.
“Ima-match pa ng Office of the President yung ibibigay mo para at least may P2 million tayo. Bukod pa roon, dahil sa ating pangingilala sa mga lahat ng tumulong—the coaching staff, bibigyan din natin ng kalahating milyon (The Office of the President will match what you give so that at least each has P2 million. In addition to that, due to our recognition of all those who helped—the coaching staff—we will also give half a million.),” he added.
Marcos said the incentives were provided to the athletes in recognition of their hard work, highlighting the fact that merely entering the Olympics itself was a huge achievement.