Update: deadline extended to June 24.
The long wait is over. Today our new president and vice-president will be proclaimed by the 14th Congress. Before we are lost in the revelry, the celebration of a new lease in our “non-existent democracy”, let’s not forget June 9 is also the deadline of candidates to file their campaign contributions and expenditures of the May 2010 elections to the Commission on Elections (Comelec). Candidates, both losers and winners also need to pay the the five percent campaign tax to the Bureau of Internal Revenue on June 10.
Even before the campaign period started, Blog Watch showed pertinent Campaign Finance Laws so that voters will be vigilant. We held these public officers accountable to the people. We needed to make sure that our candidates are transparent as to the sources of their campaign money and the true extent of their elections spending as this would impact directly on the candidates’ governance upon assumption to office. Campaign spending was not given enough importance in the past elections unlike voting and counting procedures. At the end of the elections, the usual practice is to celebrate the victory, look at disputes, but forget about the finances.
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Campaign Finance







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