47. Do political parties have to report regularly on their finances?

Egypt

Egypt

Answer
Yes
Source

Article 11 -The resources of the party shall be formed of its members’ subscriptions, the financial support it receives from the State, and the donations of Egyptian natural persons, as well as the proceeds of investing its funds in the non-commercial aspects defined in its statute. Investing the party’s funds in issuing newspaper or in exploiting publishing or printing houses, shall not be considered a commercial aspect, in applying the present article, if its basic aim is to serve the party’s purposes. The party may not accept any donation, privilege, or benefit from an alien, a foreign or international entity, or from any juridical person even if it enjoys the Egyptian nationality.

Source Law No. 40 of the year 1977

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