HB04351: AN ACT PROVIDING SUBSIDIZING PUBLIC CAMPAIGN EXPENSES OF QUALIFIED ELECTORAL CANDIDATES, AND DEFINING ITS COVERAGE AND RESTRICTIONS THEREOF
This bill aims to ensure fair and free elections in the Philippines by providing public campaign financing to qualified candidates for national office. This will help level the playing field and reduce the influence of private interests in elections.
The most notable provision of this bill is the introduction of matching payments, where the government matches the contributions made by individual donors up to a certain limit. This encourages candidates to rely more on small donations from ordinary citizens, promoting transparency and accountability in campaign financing.