PUTRAJAYA, Jan 27 — The Youth and Sports Ministry is developing a Sport Satellite Account to help it measure the actual contribution of the sports industry to the national economy, said its minister Datuk Seri Ahmad Faizal Azumu.
“With the Sport Satellite Account, we can prove to the Finance Ministry and Economic Planning Unit that allocations channelled to the ministry are not a one-way expenditure but a form of investment that contributes directly to the country’s Gross Domestic Product and economic development,” he said when delivering his 2022 New Year message to ministry staff here today.
VSN 2030 is a 10-year plan aimed at further strengthening existing policies for the development of a more comprehensive, integrated and collective sports industry
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