Brazil's congress sets up fund to cover lack of campaign finance


Brazil's President Michel Temer smiles during a ceremony in commemoration of the National Day of Micro and Small Enterprises, at the Planalto Palace in Brasilia, Brazil October 4, 2017. REUTERS/Ueslei Marcelino

BRASILIA (Reuters) - Brazil's scandal-plagued political class voted on Wednesday to set up a 1.7 billion reais (£409.6 million) fund with taxpayer money to finance election campaigns, making up for a dearth of private funding ahead of next year's general election.

A ban on corporate donations coupled with the drying up of under-the-table contributions and kickbacks in the wake of the country's biggest corruption scandal have left lawmakers struggling to raise campaign funding.

5.5 PAYDAY OFFER: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Azerbaijani, Iranian FMs discuss regional tensions in phone call
Kenya launches Huawei-supported AI disability project to promote digital inclusion
China's zero-tariff policy to fuel Zimbabwe's rural industrialization: trade agency
Urgent: Trump threatens to increase tariffs on auto imports from EU to 25 pct
Roundup: Stakeholders urge stronger African support measures as China's zero-tariff policy boosts exports
Trump says he spoke with Iraq PM-designate, voices strong support
Urgent: Trump's plan to impose 25-pct tariffs on EU cars is unacceptable: senior EP official
Cuba's Raul Castro joins May Day march as tensions simmer with US
Over 500 detained in Istanbul for defying May Day ban
Kenya to see export surge under China's zero-tariff trade deal: official

Others Also Read