54. Must reports from political parties and/or candidates include information on itemized spending?

Malta

Malta

Answer
Yes
Source

PART III, Financing of Political Parties Act, 2015, ammended in 2016

24. (1) The treasurer of a political party shall prepare an
annual statement of accounts, in respect of each financial year, of
that political party, which statement must include:
(a) a statement of income and expenditure;
(b) the statement of the financial position as at the end of
the financial year;
(c) the statement of cash flows; and
(d) all supplementary notes and schedules related to
paragraphs (a), (b) and (c):
Provided that for the purposes of this sub-article "financial
year" means such a consecutive period of twelve months starting
from the date chosen by the political party for the start of its
financial year.
(2) The statement of accounts under this article shall also
comply with such requirements as to its form and contents as shall
be prescribed by regulations made by the Minister, as advised by
the Commission.

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