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Sinn Féin Publish Annual Financial Statements

15 August, 2008

Sinn Féin today published the party’s annual financial statements for both the north and south. In addition the party will also publish a breakdown of the party’s spend on the Lisbon Treaty Referendum campaign next week.

Sinn Féin National Chairperson and Dublin MEP Mary Lou McDonald today said:

“Each year Sinn Féin has published its financial statements for both the north and south. In the north political parties are required under law to provide a full income and expenditure annual financial statement to the electoral commission. We commend this requirement and believe a similar practice should be in place in the south.

“Like all organisations a political party needs an income in order to cover its expenditures. The general-public understand that fundraising and donations are part and parcel of generating that income. Where cynicism starts to creep in is when it is perceived that political parties are not open and transparent about their financial affairs.

“The primary source of donations to Sinn Féin in the south comes from each of the party’s TDs and MEP who each donated €6,000 and of the north’s twenty seven MLAs who donated €5,787.04. Our fundraising comes from the party’s annual National Draw and a big and widely supported annual fundraiser dinner ‘Le Cheile’. In addition we hold other sports and social events throughout the year.

“It is Sinn Féin’s firm belief that all political parties in the state should be required to submit an annual set of accounts to the Standards in Public Office Commission. Sinn Féin is one of the only political parties in this state to produce an annual set of financial statements available to the general public. In the absence of legislation I believe all political parties should follow our lead.”

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