Campaign finance limit set

Candidates for president will be able to spend a maximum of 50 million crowns on their presidential campaign; 40 million in the first round of elections and ten million more in the second round, according to an agreement reached between the ruling parties and the opposition Social Democrats. Information regarding the amount spent and the source of the money should be available on the internet. A proposal by the Social Democrats to set a ceiling on donations from sponsors failed to win approval. Czechs are due to vote in direct presidential elections early next year. President Klaus’ second term in office will expire in March 2013.