New law puts a squeeze on funding for political parties

Santo Domingo.-  Political parties may not receive individual financial contributions worth more than one percent (1%) of the maximum amount corresponding to the party receiving the highest allocation of State funds.

The provision was approved by the bicameral commission that studies the bill for the “Any financing other than that defined by law shall be unlawful. Nor can they receive funds from companies of foreign capital that are not established with domicile or fixed residences in the national territory,and Groups, and for the Law on Electoral Regime.

Commission president, senator Aristides Victoria stressed that the parties can receive contributions from individuals, by publishing a list of contributors on their website, as the Free Access to Public Information Law stipulates.

He said all donations to parties and political groups from any entity governed by public law, except State contributions, shall be considered unlawful;  contributions of foreign governments and institutions, with the exception of the contributions of foreign academic organizations;  academic; from persons or entities

“Any financing other than that defined by law shall be unlawful. Nor can they receive funds from companies of foreign capital that are not established with domicile or fixed residences in the national territory,” Victoria said.