Senatorial candidates in the 2022 polls won fresh terms by financing their campaign with money from family members and money from their own pocket.
Big donors who gave P10 million to P20 million accounted for only 19% of Vice President Leni Robredo’s campaign funds for the May 2022 presidential elections. The rest came from a long list of relatively small donors.
Partido Federal ng Pilipinas footed 40% of President Ferdinand Marcos Jr.’s campaign bill through party treasurer Antonio Ernesto “Anton” Floirendo Lagdameo Jr., grandson of his father’s close business associate. The remaining cost was covered by today’s opulent names in real estate, retail, construction, and shipping industries.
A CLOSE look at election spending reports of seven presidential candidates and three political parties in the May 10 polls reveals that election campaigns are funded in the manner and mold of financing for risky business start-ups.