The report prepared by Assocham states that the promotion of public-private …show more content…
The IDEA Handbook on Funding of Political Parties and Election Campaigns aims to increase the knowledge about the law and practice of political finance around the world. The focus is on the financing of political parties during and between election campaigns, that is, all funds raised and spent in order to influence the outcome of elections as well as the parties’ routine operations. Three main questions stand out: How free should political parties be to raise and spend funds as they like? How much information about party finance should the voter be entitled to have? And how far should public resources be used to support and develop political parties?
Different countries have chosen different strategies of how to deal with the problems surrounding party funding. Karl-Heinz Nassmacher, one of the main authors of the Handbook, identifies three broad options: The autonomy option which treats political parties as voluntary associations entitled to the unregulated privacy of their internal organization and financial transactions. The regulation is minimized and party competition relies largely on self-regulation and self-correcting mechanisms. The transparency option is based on the right of the voters to know how parties are funded in order to make an informed choice, and gives no importance to bans and limits on party funding. The advocacy option argues for the creation of a