Each presidential candidate will receive 661 million pesos

Of the 10.4 billion pesos that the political parties with national registration will receive in 2024, 3.3 billion will be used for political campaign expenses.

Presidential candidates will have, as a campaign spending cap of 232 million pesos more than what the standard-bearers had in 2018, according to the figures approved by INE’s Commission of Prerogatives and Political Parties, which will be endorsed tomorrow in the General Council.

For 2024, the spending cap for a presidential campaign will be 660.9 million pesos, while in 2018 it was 429 million, so the increase was a little more than 50 percent.

The law stipulates that the maximum campaign spending cap will be equivalent to 20 percent of the public campaign financing established for all parties in the year of the presidential election.

For the pre-campaigns, which begin next November, 85.9 million pesos per pre-candidate was established, while in 2018 it was 67.2 million, i.e., it increased 18.7 million pesos, an increase of just over 27 percent.

The law establishes that the ceiling for presidential candidates’ pre-campaign expenses will be the equivalent to 20 percent of the amount established for the previous campaigns.

In 2018, Ricardo Anaya reported spending 350 million pesos; José Antonio Meade, 302 million; López Obrador, 100 million pesos; and Jaime Rodríguez Calderón, El Bronco, 29.5 million pesos.

The point was not discussed by the board members, nor by the representatives of the political parties.

Limits for seats

Pre-campaigns for deputies will have a limit per person of 329,638 pesos and campaigns of 2.2 million pesos.

For senators, the amount of the campaign spending cap varies according to the entity for which the candidate will run.

The largest amounts will be in Mexico City, Mexico City, Jalisco and Veracruz, entities where they will exceed 40 million pesos per candidate.

In BCS, Colima and Campeche, the senatorial candidacies will have little more than four million pesos for their campaigns, the lowest in the country.

TYT Newsroom