Will incentives for Olympic Games athletes be reduced?: this is what Mindeporte said

Remaining Less than 10 days to go until the long-awaited Paris 2024 Olympic Games beginwhich will begin next Friday, July 26 in the French capital and will run until August 11 of this year.

(Further: 2024 Olympic Games opening ceremony: when is it and where to watch it live).

Regarding rumors of an alleged decrease in the prize money for the medalists who will participate in the multi-sport event, Mindeporte stated through a statement that “has not reduced the incentives for Olympic and Paralympic medalists“.

Considering that since 2017 Resolution 1834 has been in force, which specifies the minimum wage values ​​that they receive as incentives and regulates that the coaches of athletes who win medals also have their incentive, The portfolio emphasized that it has not been modified.

(Read: How much money will the 2024 Olympics and Paralympics generate? This is what a study says).

The Ministry of Sport reported, in response to speculation, that There was an exception for the Tokyo 2020 Olympic and Paralympic Gameswell, at that time, resolution 1262 of August 5, 2021 was issued, which increased the value of incentives for athletes by 10%.

The portfolio highlighted that the 2021 resolution “It clearly stipulates that it only applies to the medalists of the Tokyo edition.“.

(See: How much does a person earn for working in the organization of the 2024 Olympics?).

For its part, Mindeportes also indicated that This is not the only allocation of resources that the National Government has made for the preparation and participation of athletes and Para athletes for Paris 2024.
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According to the statement, a total contribution of 119,068,146,000 was made for 2023 (89,868,840,000 to national federations and 29,199,306,000 to the Colombian Olympic Committee). Likewise, for 2024, resources of 92,041,500,000 were allocated to federations and 27,300,000,000 to the Colombian Olympic Committee, for a total of 119,341,500,000.

(Further: Paris 2024 Olympic Games: Claro Sports will enable more channels to watch the events).

Regarding the Paralympic sector, the ministry noted that in 2023, financial support of 32,571,072,099 was allocated. Likewise, for this year the contribution was 30,917,000,000.

“In total, in the preparation of the cycle, from 2022 to 2024, Mindeporte has allocated resources for this sector for a total of 85,356,052,670“, the ministry said.

“The Ministry of Sport has prioritized high performance support programs and continues to fulfill its commitment to allocate significant resources, which, in percentage terms, make it the largest contributor of money to federations during each term.“, he concluded.

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