GASPRO International Journal of Eminent Scholars

ABSTRACT

Electoral finance refers to the electoral budget or the costs that a country incurs as a result of the various activities undertaken by EMBs and other agencies to organize and conduct an electoral process. Some electoral costs may be easily identifiable EMB costs, while others may be difficult to quantify because they are contained within the general services budgets of other government agencies. Electoral cost comparisons between countries have proved difficult, largely because different items can be identified and quantified as electoral costs in different electoral environments using different models of electoral management. A clear legal framework for managing EMB finances ensures certainty, regularity and consistency, and fosters good governance within the EMB. As well as the legal framework, there are fundamental principles, such as transparency, integrity, efficiency and effectiveness, which are the basis of good-practice EMB financial policies and procedures.

KEYWORDS: Electoral Management Boards, Adequate Financing, Donor Funding, Budget Formulation