The public and media have become increasingly interested in campaign finance in recent years. This is in part because of the growing sums of money spent on campaigns and the challenges of fairly regulating this support. The interest is also a result of concerns regarding the undue influence of money in democratic processes.
Regulations on campaign financing and spending vary considerably from country to country, and indeed between different types of elections within a country. Some countries have detailed legislation regarding campaign financing but very little legislation regarding spending. In the United States, for example, there are number of limitations on how and where campaign money is sourced, while there are no limits for campaign spending. In the Britain, on the other hand, campaign-spending limits are determined by the size of an electoral district.
A journalist covering a candidate or party campaigning will need to become well versed in relevant legislation for that election. They will also want to consider what particular issues are important to the public. Here are a few questions relevant to campaign finance reporting:
In new democracies, campaign finance information might not be readily available to the media or public. Indeed, much of this information might not be reported to the EMB, whether or not it is required. Furthermore, information parties and candidates report on might be difficult to verify. Determining both sources and spending may therefore require some degree of investigative journalism skill. In some circumstances this issue is particularly sensitive, or even dangerous. It is therefore extremely important that both electoral laws and general legislation on rights and protection of media are robust, and furthermore, that enforcement mechanisms are in place.
