Act on Political Parties' funding

The Government has proposed the Act on Political Parties' funding that specifies the Act on Political Parties. The Act has been prepared in accordance with the governmental anti-corruption strategy. It regulates the process of party funding auditing (currently, a financial report should be carried out once a year and is kept by the Chancellery of the Chamber of Deputies). Political parties should declare any revenues stemming from real estate lease and precisely describe any donation provided by party members as well as donators out of the party. The Act also stipulates the obligation to provide a report of party campaign funding. For full text click on the headline.

In the future, a new office of party funding auditing should be set up (in case, the Supreme Auditing Office is not designated to do so) and control the report in terms of correctness. The Bill has been prepared in accordance with GRECO recommendations (Group of State against the corruption, the Council of Europe’s initiative). The Act has undergone the internal commentary procedure. The Government should discuss the amendment till the end of the year 2012. For further information click here.

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