Egypt’s National Elections Authority has set a cap of EGP 20 million (1.3 million) on campaign financing for each candidate running in the country’s upcoming presidential elections, which are set for 26-28 March. The ceiling for campaign financing during the run-off period – if one were to take place – is set at EGP 5 million ($282,000), the authority said on Tuesday. Candidates must mostly finance their campaigns with their own private funds, and are allowed to receive donations of no more that 2 percent of the funding limit.
The decision also prohibits contributions from foreign countries, organisations or individuals. It also requires candidates to keep a detailed record of contributions and their sources, which are to be presented to the authority one day after the end of the campaigning period.
The campaigning period will start on 24 February and end on 23 March.