The public sector is placing part of the government funding on the stock exchange.
The "treasury" of Belgian political parties reached its highest level in history in 2022, according to a report from the Electoral Expenditure Control Commission. The total own funds of all parties amounted to 121 million euros. Despite parties never being this wealthy, the reform of the state funding system is stalled.
The richest parties in Belgium
With total assets of 29.31 million euros, N-VA is the richest party in the country, ahead of Vlaams Belang (13.8 million) and PS (12.23 million). In Belgium, political parties rely 80% on government funding.
Approaches to managing personal assets
PS, on the other hand, is guided by a different approach. A document delivered to the magazine La Libre Belgique shows that PS has a listed portfolio worth 1.192 million euros. This set consists exclusively of bonds.
Discussions on party funding reform
Discussions about party funding reform are at an impasse due to the opposition from MR and PS. This discussion has not made any significant progress in improving the party funding system, as proposed in the Vivaldi agreement.
This was a brief reflection on the news regarding the financial situation of Belgian political parties.
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