For every peso declared to Mexican electoral authorities by political parties and candidates, 15 more are moving under the table, according to a report Tuesday on the problem of illegal campaign finance. The nonprofit Mexicans Against Corruption and Impunity published the report after months of investigation, concluding that Mexico’s public campaign finance system has failed to keep illegal money from influencing elections. The report says that the cash moving around electoral campaigns is such that Mexico’s central bank has documented inexplicable increases in the amount of cash circulating in the economy in the five months before elections. The money comes from both public and private sources. Money is siphoned from public programs and local governments to fund campaigns and is funneled to candidates by businesses interested in winning public contracts and having access to elected officials.Full Article: Mexican electoral campaign flush with illegal funding | The Herald.
May 30 2018