54. Must reports from political parties and/or candidates include information on itemized spending?

Latvia

Latvia

Answer
Yes
Source

Section 8.5 (22) Law on Financing of Political Organisations (Parties), the amended version of law 01.12.2017 in force from 01.01.2018, No.  114 (397).

Comment

Political parties must report on itemized spending of the State budget financing.

Section 8.5 (22) In submitting the annual report of a political organisation (party) to the Corruption Prevention and Combating Bureau, the political organisations (parties), which have been granted State budget financing, shall append a report on spending of the State budget financing in the accounting year, indicating the remainder of money at the beginning and end of the accounting year, money income and money payments for the types of expenditure laid down in Section 7.4, Paragraph one of this Law.

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