GIAT says that it may take years to recover from the misuse of public funds
KUALA LUMPUR: The coalition for Governance, Integrity, Accountability and Transparency (GIAT) said today that there was an urgent need for reform in how political parties and election campaigns are financed in Malaysia. It also called for greater transparency in the personal accounts of politicians.
GIAT called for immediate action by the Malaysian government on reforms called for in a 2005 report on asset declarations by Transparency International Malaysia as well as a policy brief by the Institute for Democracy and Economic Affairs.
GIAT urged the government to immediately implement the following recommendations called for in the 2005 report:
- Adoption of a political financing and asset declaration act
- Public asset declarations of all members of the executive and legislative body including Senators and senior public officials
- Reform of the Election Commission so that regulation of political parties could be carried out in an autonomous and independent fashion
- Public release of political party accounts audited by an independent party
- Full disclosure of political party and candidate financing.