47. Do political parties have to report regularly on their finances?

Political Parties Act 2017

Article 21

Political parties should submit their annual property and financial statements to the competent authority before May 31 each year. The annual property and financial statements shall contain the following documents:

1. Final accounts

2. A Profit and Loss account

3. A balance sheet

4. An inventory of property

The property and financial statements shall be signed or stamped by the party leader, audited and certified by a certified public accountant commissioned by the political party, and passed by the party’s representative assembly or party congress. If no representative assembly or party congress is held in the current year, this fact shall be noted in the statements and the statements shall be assessed during the party’s representative assembly or party congress held in the following year.