Kuala Lumpur, 9 November 2023: The All-Party Parliamentary Group on Political Financing (APPGM) has completed its final round of discussions and consultations on the Political Financing Bill. In the process of drafting the Bill, the APPGM has received feedback from a wide range of stakeholders such as senior party leaders, grassroot political and community leaders and civil society organisations (CSOs).
We have also organised workshops in Pahang, Johor, Sabah, Kuala Lumpur and Malacca, where local politicians and NGOs, university students and members of the public gave valuable feedback regarding key provisions of the Bill. The Bill released today is updated from the earlier version we submitted as a Private Member’s Bill on 13 July 2022.
One of the most important provisions in our Bill is the allocation of public funding to political parties. Public funding is a system where a portion of the national budget is allocated towards political party activities. It is a mechanism that can ensure greater equity between parties, reduce dependence on private donors and cultivate healthier competition among political parties. Implementing a public funding system will incur some costs for the government, but we believe this spending is necessary for the long-term sustainability of Malaysia’s democracy.
Our APPGM remains ready to assist and engage with the government in drafting the legislation which will eventually be passed by Parliament as the Political Financing Act (PFA). We reiterate our belief that a PFA is urgently needed to further advance Malaysia’s journey towards a more competitive and sustainable democracy.
Download Files Related to Political Financing Bill:
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Download Media Statement PDF File Here
For enquiries, please contact:
Aira Azhari
Senior Manager
T: 012-6646059 | E: aira@ideas.org.my
About the APPGM on Political Financing
The APPGM on Political Financing was approved by the Dewan Rakyat on 23 April 2023. The main objective of the APPGM is to establish a platform where MPs, Senators and CSOs can deliberate and discuss the importance of political financing reforms in Malaysia.
APPGM on Political Financing members
Ahli Parlimen
Senator
Ahli CSO