News / National
Zanu-PF's election victory punches hole into MDC-T's wallet
22 Jun 2015 at 08:36hrs | Views
ZANU-PF'S recent election victory in the June 10 by-elections has punched a large hole on opposition parties' cash allocation under the Political Parties Finance Act as the ruling party is now guaranteed of the lion's share given its numerical superiority in Parliament.
Leader of the House, Vice-President Emmerson Mnangagwa, told the National Assembly last Wednesday that the money to be allocated to the opposition parties would definitely dwindle and Zanu-PF would get the lion's share.
"What has changed since the 2013 elections to the current by-elections is the number of people elected into this House, and so we will look at financing of political parties," Mnangagwa said.
"It will mean that the party which has more people in this House will receive a bigger proportion of the finances and those whose numbers have been reduced will also receive smaller amounts."
In the 2015 National Budget, Finance minister Patrick Chinamasa allocated $3 million to be proportionally shared by the political parties that secured sizeable votes during the 2013 elections.
Under the Political Parties Finance Act, any political party that secures at least 5% of the total votes cast is entitled to receive funding from Treasury.
Currently, only Zanu-PF, MDC-T and MDC were entitled to the fund.
Leader of the House, Vice-President Emmerson Mnangagwa, told the National Assembly last Wednesday that the money to be allocated to the opposition parties would definitely dwindle and Zanu-PF would get the lion's share.
"What has changed since the 2013 elections to the current by-elections is the number of people elected into this House, and so we will look at financing of political parties," Mnangagwa said.
"It will mean that the party which has more people in this House will receive a bigger proportion of the finances and those whose numbers have been reduced will also receive smaller amounts."
In the 2015 National Budget, Finance minister Patrick Chinamasa allocated $3 million to be proportionally shared by the political parties that secured sizeable votes during the 2013 elections.
Under the Political Parties Finance Act, any political party that secures at least 5% of the total votes cast is entitled to receive funding from Treasury.
Currently, only Zanu-PF, MDC-T and MDC were entitled to the fund.
Source - newsday
