Legal Regulation of Political Party Financing in the Kingdom of Spain and the Russian Federation: Comparative Analysis

Abstract

This article deals with the modern mechanisms of the political parties financing in Russia and Spain. Nowadays the parties may be effective if they are effective in fundraising. That’s why we may say that all and any democratic country shall create a balanced model of parties financing. Such model shall minimize the influence of private money and at the same time of public funds. For this purpose, it is necessary to take into consideration the peculiarities of the political system, order of parties funding and the practice. It is also useful to learn the experience of parties funding of foreign countries. The subject of this study is the legal regulation of sources of political parties financing if Russia and Spain. The special attention is paid to public funds and principles of legal regulation of it. Such principals are rule of law, transparency of parties funding as well as reasonableness and compliance with voters’ support. The authors analyze recent amendments of law on political parties in the field of state subsidies. A great attention is paid to private sources of parties financing. The study reveals the tendency of tightening of legal regulation of political parties funding especially concerning the amount of donations, donors and credits. The legal comparative study and analyze of financial reports helps to look at the problem of parties funding from other side.

Keywords

• political parties
• political parties’ funding
• state funding
• donations
• membership fee
• financial reports
• loan
• credit