2019 election could cost $450 million

THE 2019 ELECTIONS  could cost around $450 million) with the cap for private funding of $5 per voter suggested by deputies,  says Osman Valdés, head of the Electoral Organization of the Electoral Tribunal (TE).

He told deputies  on Monday night  that with the cap, a presidential candidate could receive up to $14 million in private donations.

He noted that including all elected positions ­ deputies, mayors and councilors ­ each political party could  receive between $60 million and $70 million in donations with the ceiling suggested by the deputies.

Valdés said that the TE expects a new proposal from the deputies on the cap for private donations, as the

National Commission on Electoral Reforms considers the current one too high.