Paragraph 50

 

50.  According to the Law on Financing of Political Parties, two distinct bodies are responsible for overseeing its implementation. The Parliamentary Finance Committee oversees the regular political party finance side, while the REC is responsible for auditing the financial reports of campaign expenses that must be presented after the certification of final election results. As there may be different interpretations of whether a particular contribution or expenditure is election campaign related, it would be better to have one regulatory authority for oversight of all political party finances, including those during an election campaign. The OSCE/ODIHR and the Venice Commission recommend that consideration be given to amending the law to vest in one body the responsibility for the law’s implementation.