National Electoral Institute (INE) Lorenzo Córdova admitted that more funds will inevitably be required to organize the election for the Mexico City Constituent Assembly.
“It is inevitable that the National Electoral Institute will need funds which were not included in this year’s budget plans,” said Córdova in an interview.
The amount of financing to be received by political parties and independent candidates will be around the 115 million pesos ($6.3million) mark, he added.
After signing a collaboration agreement regarding local electoral processes with the Mexico City Electoral Institute (IEDF), Córdova did not want to “speculate” on how much will be necessary for the election, although he did confirm that the agreement will lower the original sum.
“I have to be frank with you. In light of the agreement with the IEDF, which will allow us to use part of the INE’s funds for the organization of the election, it is unlikely that the current funds will be sufficient.”
BY RICARDO ORTÍZ