Parliamentary parties sign declaration on principles of campaign and party financing

All six parties in Hungary’s parliament agreed on the main principles of political party and campaign financing and signed a declaration on Wednesday.

The agreement was made during talks initiated by Transparency International Hungary.

Signatories to the document agree to pass a law to ensure transparency and accountability in party and campaign financing, during parliament’s autumn season.

The basic principles for the bill are as follows: nominating organisations, nominees and background organisations shall handle their revenues and spending in a transparent manner, and all information pertaining to the operations of political parties and associated foundations shall be handled as public information.