Analytics, Financial Services, Legislation, Lithuania
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Saturday, 27.04.2024, 03:47
Lithuania's parties still in debt for 2016 general elections
Some 55 independent candidates also still run debts after the political
campaign. Immediately after the October elections, the number of indebted
candidates was 72, running a total debt of 1.333 million euros.
The biggest debt of nearly one million euros was reported by the Lithuanian
Farmers and Greens Union, which triumphed in the elections. Although the party
has covered some of the debt, they are still in lead among all indebted parties
with a debt of 261,000 euros. The party's leader Ramunas Karbauskis said on Wednesday that the debt would be settled
in fall. "The party will receive the rest of the grant and cover the debt.
We have no other sources of income," Karbauskis told Lietuvos Rytas.
The general election campaign cost all involved political parties over 7
million euros, with the biggest amount spent by the Social Democratic Party,
which ended up in the ruling coalition. Left- wing parties spent nearly 1.5
million euros on elections, however, their campaign spending did not exceed the
income.