Main opposition Maldivian Democratic Party (MDP) submitted its audit report to the Elections Commission last week.
Earlier the electoral watchdog had revealed that it had requested the Ministry of Finance and Treasury to grant the annual allocated state funds to all the political parties sans MDP, as the latter had failed to submit its audit report.
The deadline to submit the report is coming May 8.
MDP’s Deputy Chairperson Ahmed Abdulla stated Sunday that the party’s audit, which was conducted by internationally acclaimed audit firm Ernst & Young, has already been submitted.
According to the Political Parties Act, each party with membership exceeding 10,000 people should be granted the funds within the first three months of the year, at a rate of MVR 251.58 per head. The Act states that political parties should be paid an amount from 0.1 to 0.2 percent of the annual budget. The state budget of this year allocates a total of MVR 24.2 million for political parties.
As the party with the highest membership, ruling Progressive Party of Maldives (PPM) is to receive MVR 11.5 million. MDP is the second largest party with 29,759 members with an allocated budget of MVR 7.5 million, followed by government coalition partner Maldives Development Alliance (MDA) of 10,537 members with MVR 2.7 million. Jumhoory Party of the joint opposition with 10,225 members is set to receive MVR 2.6 million.