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IN SHORT

Parties give themselves more money

PARLIAMENT passed a law February 4 allowing political parties to receive more state money in the next electoral term. The law goes into effect June 1, 2005.

108 MPs voted in favour of the law, with only 18 against and 12 abstentions, the TASR news agency wrote.

Political parties will receive more state money in proportion to the number of MPs they have.

For each of its first 20 MPs, a party will be granted 30 times the average annual income.

For each MP beyond the first 20, the party will receive 20 times the average annual income.

At present, every party receives Sk500,000 (€14,286) per MP per year.

Under the new law they will receive almost Sk600 million (€15.7 million) more than in previous years.

The new law sets no limit on campaign spending.

Previous campaigns have cost up to Sk12 million (€310,000).

Ten thousand signatures - as opposed to the present 1,000 - will be required to establish a new political party.

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