MDC, Zanu-PF share $12 million from Treasury » ZOOM Zimbabwe News
POLITICS

MDC, Zanu-PF share $12 million from Treasury

Share this:

Zanu-PF party is set to receive $8 403 600 while the MDC Alliance will $3 596 400 from the $12 million allocated to political parties by the Treasury under the Political Parties Finance Act.

This was announced by Justice Minister Ziyambi Ziyambi in the government gazette.

The two political parties garnered 70,03% and 29,97% of the total votes cast in the 2018 elections and under the Political Parties Finance Act, only a political party that secures 5 % of the total votes cast can benefit from the fiscus.

“It is hereby notified in terms of the Political Parties and Finance Act (Chapter 2.040 that the total amount of monies payable to political parties in respect of the year beginning January 1, 2019, and ending December 31, 2019, is $12 million,” stated Ziyambi.

The move has in the past raised the ire of smaller political parties as they have argues that they deserve a chunk of the money.

The move comes in the wake of financial problems in the opposition movement with recent reports indicating that the party was failing to pay its workers.

The MDC had to rely on donations to run its recent national elective congress held in Gweru.


Share this:
More on ZOOMZimbabwe...  Foreigners "whispered to Chamisa" not to attend State House meeting: Charamba

Related Posts