Brazil: Congress sets up fund to cover lack of campaign finance | Reuters

Brazil’s scandal-plagued political class voted on Wednesday to set up a 1.7 billion reais ($542 million) fund with taxpayer money to finance election campaigns, making up for a dearth of private funding ahead of next year’s general election. A ban on corporate donations coupled with the drying up of under-the-table contributions and kickbacks in the wake of the country’s biggest corruption scandal have left lawmakers struggling to raise campaign funding. The lower house of Congress approved a bill that had passed the Senate and will take funds from pork barrel appropriations and government payments to buy TV and radio time for parties.

Full Article: Brazil's congress sets up fund to cover lack of campaign finance.

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