Financial Oversight

Monitoring the financing of political parties is essential to ensure compliance with financial
regulations and transparency in funding.

Monitoring the financing of political parties is essential to ensure compliance with financial
regulations and transparency in funding. This involves scrutinizing party accounts, tracking
donations, and ensuring that all financial activities are accurately reported and publicly disclosed.
Strict regulations are enforced to prevent corruption, money laundering, and undue influence
from wealthy donors. Regular audits and investigations are conducted to detect any financial
irregularities or breaches of funding laws. By maintaining rigorous oversight of political
financing, authorities can promote a fair and level playing field in the political arena, thereby
strengthening the overall integrity of the democratic process.

Requirements of Financial Oversight

Financial reporting by Political Parties

  1. Financial statement of income and election expenses
  2. Quarterly returns
  3. Annual Financial reports

Financial statement of income and election expense:

Section 59(1)(2), A Political parties shall, within 90 day after the close of the polling in an election lodge to the Commission;

  • Prescribed form (PPI Form 33) – Individual member of a Party
  • Prescribed Form (PPI Form 34) – Political Party

Basic Requirements

  • A financial statement of donation received
  • Including their source, and election expenses.

Quarterly returns

Annual Financial reports

Section 60(1)(2), A Political Party shall, in each calendar year, lodge with the Commission

Section 61(1)(2), A political shall lodge with the Commission before 31st March each year. Also the commission may extend the deadline for submission of the financial report but not exceeding an aggregate of three months.

Basic Requirements

Basic Requirements

  • Prescribed form setting out any donations or contributions of less than $1,000.00
  • Unless the total fees, subscriptions, donations, or contribution collected in a quarter exceeds $10,000.00
  • Audited annual financial report
  • The Commission may extend the deadline for submitting the financial report.
  • 3 months of extension written request justifying the need for such extension.