Brazil Electoral Fund Frees US$440 Million in Public Campaign Money
Brazil's electoral court released R$2.3 billion (about US$440 million) in public campaign money after the Workers' Party withdrew a lawsuit over its own share. The post Brazil Electoral Fund Frees US$440 Million in Public Campaign Money appeared first on The Rio Times .
The Brazil Electoral Fund, also known as FEFC, has released R$2.3 billion, approximately US$440 million, to political parties ahead of the October 4 election. This fund, which accounts for 48% of the total campaign money, had previously been frozen due to a lawsuit by the Workers' Party (PT) over the calculation of its share. The dispute was centered on whether the Chamber of Deputies should count 69 members instead of the current 68, a matter that was dropped by the PT.
The FEFC is funded by taxpayers and is used to subsidize political campaigns, as private donations were banned in 2015. The fund is divided equally among registered parties, followed by a percentage based on votes for the Chamber, federal deputies, and Senate seats. The PT is set to receive about R$615.4 million, or US$118 million, while the Liberal Party leads with roughly R$881.7 million, or US$169 million.
Small parties still receive a minimum of 2% of the fund, ensuring they have some financial support. The campaign spending limit for a presidential candidate is R$88.9 million, or US$17 million, with a runoff adding an additional R$44.4 million.
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