Govt Sets Aside ZW$1.4 Billion For Political Parties Funding

The government has set aside one ZW$1.4 billion towards the financing of political parties under the Political Parties Finance Act for the year 2023.

The money will be disbursed to political parties that qualify in terms of the Political Parties Finance Act, ZBC News reported citing General Notice 2815 of 2022 published on Friday in which the Minister of Justice, Legal and Parliamentary Affairs, Ziyambi Ziyambi said:

It is hereby notified, in terms of section 3 (2) of the Political Parties (Finance) Act [chapter 2.04], that the total amount of money payable to political parties in respect of the year beginning 1st January, 2023, and ending on the 31st December, 2023, is one billion four hundred and eight million, three hundred and ninety-two thousand dollars only.

The money shall be disbursed to political parties that qualify in terms of section 3 (3) of the Act as follows-( a) Nine hundred and eighty-five million eight hundred and seventy-four thousand four hundred dollars ($985 874 400.00) shall be paid to the Zimbabwe African National Union (Patriotic Front) ZANU (PF) which received 70.03% of the votes cast and (b) four hundred and twenty-two million five hundred and seventeen thousand six hundred dollars (422 517 600.00) shall be paid to the Movement for Democrat Change-(MDC), which received 29.97% of the total votes cast.

Based on 2018 harmonised elections results, ZANU PF is entitled to ZW$985 million, while the MDC, which polled 29.97% will get ZW$422 million.

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