ZANU PF and MDC-T are set to share $1,408,392,000 disbursed by the Treasury under the Political Parties Finance Act
ZANU PF and MDC-T are set to share $1,408,392,000 disbursed by the Treasury under the Political Parties Finance Act. The ruling party ZANU PF is set to receive $985 million after garnering 70.03 percent of the national vote cast in the 2018 elections. MDC-T is also set to receive $422 million after the then-united opposition got 29.7 percent of the vote.
In an announcement through the General Notice 2815 of 2022 the Minister of Justice, legal and Parliamentary Affairs Mr. Ziyambi Ziyambi stated that “It is hereby notified, in terms of section 3(2) of the Political Parties (Finance) Act [Chapter 2:04], that the total amount of moneys payable to political parties in respect of the year beginning 1st January, 2023, and ending on the 31st December, 2023, is one billion four hundred and eight million, three hundred and ninety-two thousand dollars only.
“The money shall be disbursed to political parties that qualify in terms of section 3(3) of the Act as follows – (a) nine hundred and eighty-five million eight hundred and seventy-four thousand four hundred dollars ($985 874 400,00) shall be paid to the Zimbabwe African National Union (Patriotic Front) ZANU (PF) which received 70.03% of the votes cast: and four hundred and twenty-two million five hundred and seventeen thousand six hundred dollars ($422 517 600,00) shall be paid to the Movement for Democratic Change- (MDC-), which received 29.97% of the total votes cast,”
Source: Chronicles
https://www.chronicle.co.zw/zanu-pf-mdc-t-to-share-14-billion/