A few weeks ago, the House approved House Bill No. 8370 which amends Section 13 of Republic Act No. 7166 by increasing the limits of authorized campaign spending of parties and candidates in national and local elections. As explained by Speaker Martin Romualdez, the spending cap limits under RA 7166 established in 1991 are no longer realistic, given the annual inflation over the past 32 years. Romualdez further pointed out that the bill would also encourage transparency and honesty among candidates and political parties in reporting their campaign expenses to the Commission on Elections (Comelec), as 'the present unrealistic limits may force aspirants and political groups to submit untruthful reports.

https://opinion.inquirer.net/166096/campaign-finance-reform

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