Maoist party’s income up by 58 per cent in 4 years

KATHMANDU, Jan 22: Financial statements of the UCPN (Maoist) reveal that the party´s income has increased by 58.4 percent to Rs 132 million and expenditure by 64.3 percent over the last four years.

Leaders said the major sources of income for the party are levies paid by party members, including lawmakers and ministers, and donations from those from outside the party.

The income and expenditure details of the past four years submitted by the UCPN (Maoist) to the Election Commission (EC) shows that the party had surplus income for three years, except for the period between 2009 and 2010 which saw a deficit of over Rs 2.7 million.

Amik Serchan, who is the party´s finance department chief, stated 2009 was a year of deficit as the party constructed and renovated buildings for its offices.

The details submitted by the party to EC, however, do not include the donations raised and the amount of money spent during the CA elections.

Officials at the party head office said all the branches of the party submitted the income and expenditure of the party during the CA election immediately after the polls.

Sherchan attributed the increase in the party´s income to merger of various small leftist parties with his party.

“The leaders of the small parties also donated to the party in cash and kind. Also, the membership fees led to an increase in the party´s income,” said Serchan.

The UCPN (Maoist) levies the party cadres for membership renewal and monthly charges.

Of the total money collected, the district committees keep 40 percent and the state committees 40 percent, while the rest of the 20 percent goes to the party headquarters.

The party raises Rs 10,000 from each of its lawmakers, and Rs 12,000 from parliamentary committee chiefs and government ministers per month. Altogether, the party raises Rs 30 million from lawmakers alone. by kiran Pun from republica

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