28. Are there provisions for direct public funding to political parties?
Article 3 of the Act on the Finances of Political Organisations and Candidates and their Information Disclosure (2006), last amended in 2011.
Parties that obtain at least one seat in the parliament or receive more than 2.5 per cent of votes in the last general elections are entitled to public funding.
Moreover, political parties who field candidates in all constituencies in parliamentary elections may, upon the conclusion of the elections, apply for a special financial grant from the Treasury to cover expenses incurred in their election campaign, of a maximum of ISK 3 million.