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ZANU-PF, MDC-T TO SHARE $100m POLITICAL PARTIES FUND

Only Zanu PF and MDC-T will share the $100 million allocated in the 2021 National Budget under the Political Parties Finance Act as all other parties failed to get at least five percent of the constituency votes in the 2018 election.

The $25 million budget of last year was quadrupled to $100 million in this year’s budget to help compensate for inflation.

The constituent parties that made up the MDC-Alliance are treated separately for the purposes of sharing the money, which is why only the largest, the MDC-T, exceeded the five percent threshold.

In an interview yesterday, Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi said he hoped that the money will be disbursed early by Treasury to allow political parties to carry out their activities.

“The money will be shared by political parties that are in Parliament that meet the legal requirements of the law. It is our hope that Treasury disburses the money early so that the political parties concerned will be able to carry out their duties. We will obviously engage Treasury with regard to that issue,” said Minister Ziyambi.

He said only Zanu PF and MDC-T were entitled to get the share of the money because they meet the legal threshold provided for under the Political Parties Finance Act.

The Act provides that only a political party that garnered at least five percent of total votes in a general election qualify for the money. This leaves People’s Democratic Party led by Tendai Biti under the MDC-Alliance falling short of the threshold with its four legislators in the National Assembly.

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