What is the purpose of the Presidential Campaign Fund?

The Presidential Campaign Fund serves the specific purpose of providing public financing for presidential candidates who meet certain criteria. This fund was established under the Presidential Election Campaign Fund Act, allowing taxpayers to contribute a portion of their taxes to be allocated to candidates who opt for public funding. This funding is intended to level the playing field in presidential elections, especially for candidates who may lack the extensive financial resources required for a competitive campaign.

By offering a source of funding, the Presidential Campaign Fund helps ensure that candidates can compete without needing to rely exclusively on private donations, which can lead to issues of influence and equity in the electoral process. The aim is to promote transparency and reduce the influence of money in politics, thereby fostering a more democratic electoral environment.