Monday, July 15, 2024

Over 96 per cent of TMC’s income came from electoral bonds in 2021-22: Audit report

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Over 96 per cent of income of the Trinamool Congress in 2021-22 came from electoral bonds, according to the party’s annual audit report, which also showed that its income from these bonds rose from Rs 42 crore in 2020-21 to Rs 528.14 crore in 2021-22.

An electoral bond is a financial tool for enabling donations to political parties.

The report, which was released on Friday, stated that out of a total income of Rs 545.74 crore of the Trinamool Congress (TMC) in 2021-22, as much as Rs 528.14 crore came from electoral bonds.

It also said that Rs 14.36 crore came from fees/subscriptions/collections from primary party members.

The TMC showed Rs 42 crore income from electoral bonds in 2020-21, according to the report.

The party’s expenditure also rose after it won the assembly elections in West Bengal in 2021. The TMC’s expenditure was Rs 132.52 crore in 2020-2021 which increased to Rs 268.33 crore in 2021-2022.

The report was submitted to the Election Commission.

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