From RNZ · RNZ | Te Reo Irirangi o Aotearoa · · 1m 40s
Labour's election funding gap
Labour needs $3.2m more to run election campaign after $900k public funding.
In brief
Labour needs $3.2m more to run election campaign after $900k public funding. Labour Party raised $890,391 in large donations but needs $3.2m to cover election costs after $900k public funding. Originally reported by RNZ.
Labour's election costs
Labour Party president Jill Day says election costs about $5 million to run.
Annual operating costs
Labour has annual operating costs of $1.5m to $2m to cover party expenses.
Three-year cycle costs
In a three-year cycle, Labour needs $11m to stay competitive.
Public funding
Labour gets $900,000 from broadcasting allocation for election campaign.
Fundraising gap
Labour needs $3.2m more to cover election costs after public funding.
Large donations
Labour raised $890,391 in large donations this year.
National and ACT donations
National and ACT raised more than $4.1m in large donations this year.
Green Party donations
Green Party raised $395,000 in large donations this year.
Green Party costs
Green Party expects $2m campaign cost this election with inflation adjustment.
Green Party funding
Green Party uses membership subscriptions and merchandise sales to stay afloat.
Cost of living impact
Green Party members have dropped to lower subscription levels due to cost of living.
National donations
National received $4.3m from small donations in 2023.
Labour small donations
Labour received $2.7m from small donations in 2023.
Donation averages
Labour's donations average $50 per donor while National's average $99.
Union donations
Unions donated $210,000 to Labour this year.
Largest donation
Labour's largest donation came from Murray Jones' estate at $219,178.
In short
Labour Party raised $890,391 in large donations but needs $3.2m to cover election costs after $900k public funding.
