NEW DELHI: K Chandrashekhar Rao’s Bharat Rashtra Samithi (BRS) tops the income chart among regional parties for the year 2022-23 with Rs 737.6 crore, 42.3% of the total, according to poll rights body Association for Democratic Reforms (ADR).
The top five parties with the highest expenditure are Trinamool Congress, which spent Rs 181.1 crore or 37.6 %, followed by Jagnanmohan Reddy’s YSRCP that spent Rs 79.3 crore or 16.49 %, BRS, which spent Rs 57.4 crore or 11.9%, DMK, which spent Rs 52.6 crore or 10.9 %, and Samajwadi Party, which spent Rs 31.4 crore or 6.5% of the total expenditure, ADR said.
ADR’s analysis of the financial health of regional political parties, disclosed detailed income and expenditure reports for 39 of 57 regional parties for 2022-23.
After BRS, TMC had the highest income of Rs 333.45 crore or 19.1 %, while DMK reported an income of Rs 214.3 crore or 12.3 % of the total income of the 39 regional parties analysed in the report.
Collectively, the top five parties accounted for Rs 1,541.3 crore, or 88.5% of total income of parties analysed while the total declared income of the 39 regional parties stood at Rs 1,740.4 crore, according to the analysis.
EC had set Oct 31, 2023, as the deadline for submission of annual audited accounts of political parties, however, only 16 of them adhered to the time limit. 23 parties submitted their reports late.
The audit reports for 18 regional parties, including prominent ones like Shiv Sena, Bodoland People’s Front, J&K National Conference, Nationalist Congress Party, and Shiv Sena (UBT), were not available on the EC website when the report was published, ADR said. A total of 19 regional parties declared unspent income for the fiscal year. BRS had the highest unspent income of Rs 680.2 crore, followed by Biju Janata Dal with Rs 171 crore and DMK with Rs 161.7 crore.
Conversely, 20 parties reported expenditures exceeding their income, with Janata Dal (Secular) spending 490.4% more than its income.
Voluntary donations and electoral bonds were the primary sources of income for the parties, amounting to Rs 1,522.46 crore or 87.4% of the total income.
The top five parties with the highest expenditure are Trinamool Congress, which spent Rs 181.1 crore or 37.6 %, followed by Jagnanmohan Reddy’s YSRCP that spent Rs 79.3 crore or 16.49 %, BRS, which spent Rs 57.4 crore or 11.9%, DMK, which spent Rs 52.6 crore or 10.9 %, and Samajwadi Party, which spent Rs 31.4 crore or 6.5% of the total expenditure, ADR said.
ADR’s analysis of the financial health of regional political parties, disclosed detailed income and expenditure reports for 39 of 57 regional parties for 2022-23.
After BRS, TMC had the highest income of Rs 333.45 crore or 19.1 %, while DMK reported an income of Rs 214.3 crore or 12.3 % of the total income of the 39 regional parties analysed in the report.
Collectively, the top five parties accounted for Rs 1,541.3 crore, or 88.5% of total income of parties analysed while the total declared income of the 39 regional parties stood at Rs 1,740.4 crore, according to the analysis.
EC had set Oct 31, 2023, as the deadline for submission of annual audited accounts of political parties, however, only 16 of them adhered to the time limit. 23 parties submitted their reports late.
The audit reports for 18 regional parties, including prominent ones like Shiv Sena, Bodoland People’s Front, J&K National Conference, Nationalist Congress Party, and Shiv Sena (UBT), were not available on the EC website when the report was published, ADR said. A total of 19 regional parties declared unspent income for the fiscal year. BRS had the highest unspent income of Rs 680.2 crore, followed by Biju Janata Dal with Rs 171 crore and DMK with Rs 161.7 crore.
Conversely, 20 parties reported expenditures exceeding their income, with Janata Dal (Secular) spending 490.4% more than its income.
Voluntary donations and electoral bonds were the primary sources of income for the parties, amounting to Rs 1,522.46 crore or 87.4% of the total income.