TREASURY approves disbursement of US$12 million to be shared between Zanu PF and the opposition MDC, although the two parties yesterday said the money was inadequate.


The money is allocated under the Political Parties Finance Act, .According to the Government Gazette published yesterday, Zanu PF with the majority in Parliament and 70% of the total votes cast in the 2018 elections, will receive US$8 million while MDC will get US$4 million, having had 29,97 % of the total votes cast in the 2018 ballot.
β€œIt is hereby notified in terms of the Political Parties and Finance Act that the total amount of money payable to political parties in respect of the year beginning January 1, 2019 and ending December 31, 2019 is $12 million,” the Government Gazette read in part.
Under the Political Parties Finance Act, political parties with more than 5% of the total votes cast can benefit from the fiscus and in this case, it is only Zanu PF and the MDC Alliance who are eligible to benefit.
In 2018, the two parties shared $6 million from the Political Parties Finance Act.
The Thokozani Khupe-led MDC-T and the National Patriotic Front, largely made up of former Zanu PF members, managed to secure a single parliamentary seat each and are ineligible to benefit from the fund. Sibusiso Ngwenya. News day.
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