The Chinese Nationalist Party (KMT) last year had assets worth about NT$25.5 billion (US$814.38 million) — more than the combined wealth of all the other political parties in the nation, according to the latest report from the Ministry of Interior.
It also outspent and earned more than the others combined last year.
The KMT collected about NT$1.565 billion and spent about NT$2.761 billion, posting NT$1.195 billion in annual deficit, according to the report.
Personnel expenses accounted for 49 percent — or NT$1.37 billion — of the KMT’s expenditures, while the party spent NT$1.16 billion on administration and NT$167.27 million on political donations, the report said.
The Democratic Progressive Party (DPP) declared NT$470 million in assets and said that it had raised NT$770 million, while the Taiwan Solidarity Union (TSU) said it raised about NT$60 million and the People First Party (PFP) collected about NT$40 million.
Government subsidies provided most of the PFP’s funding, amounting to NT$36 million, in addition to NT$4.8 million in political donations. It also listed a long-term loan of NT$68.3 million, which was used to finance campaigns for last year’s nine-in-one elections.
The PFP spent NT$55.26 million, 34 percent more than its income.
The KMT’s NT$25.569 billion in assets was a drop of NT$1.23 billion from the NT$26.8 billion it reported in 2013.
The DPP reported NT$53.52 million in assets, saying it had collected about NT$770.5 million and spent NT$824 million, with political donations accounting for 36 percent of its spending, or about NT$302 million.
The TSU collected NT$62.58 million and spent NT$73.44 million, posting a NT$10.45 million annual deficit, the report showed.
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