ABSTRACTThe aim of the paper is to give an objective overview of the issue of political party financing in Latvia that may be worth reading while elaborating and before adopting new regulations in the sphere. Author discusses the situation in Latvia thus giving the analysis and recommendation for particular circumstances of party finance in country.
Further author formulates the aim and objectives of party finance regulations introduced in Latvia, and seeing the main problems obstructing the reaching of the aim.
The present problems in Latvia include, first, rise in price of election campaigns, second, lack of control and transparency, third, expensiveness of control, forth, unfairness in political struggle, and financial barriers to enter it, fifth, threat of corruption and illegal influences of sponsors, sixth, violation of limitations and restrictions, and final, fall-off in public trust is political parties.
The main part of the paper is devoted to the analysis of concrete regulations – which of proposed or recommended means can be the most effective to reach the stated aim and overcome the problems. The system that seems to operate the best is one based on a reasonable balance between public and private funding.
On discussing regulations the author has arrived at a conclusion that in the present situation, there are two tracks to follow – first, lessen the need of money, and, second, promote the situation when parties are not dependant on one rich sponsor but gets money from many supporters.
Financing of Political Parties: Effectiveness of Regulation – the Latvian Example
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