Azerbaijan defines procedure for political parties' funding

Changes to the law of Azerbaijan "On political parties" provide for changes in the financing of political parties, the Azerbaijani parliament told Trend on Monday.

According to the change to the law, 10 percent of the allocated funds will be distributed among political parties that have nominated their candidates in the recent elections to the Parliament, scored less than three percent and are not represented in parliament. Some 40 percent of the funds will be divided between the political parties represented in parliament, while 50 percent will be distributed in proportion to the number of elected deputies.

Funding, and accepting donations by municipal bodies of political parties and bodies under their supervision from foreign countries and foreign legal entities, foreigners and stateless persons, those who are under age, individuals that do not specify name, surname, patronymic, series and number of ID card or its substitute, military units, associations and foundations, religious organizations, legal entities are prohibited.

Political parties will be required to include information on the amount of donations received, and the people who made these donations in the financial report. According to the proposed changes, the political parties are required to publish an annual financial report with the auditor's opinion in the media.


/Trend/