OTTAWA - The Liberal party spent more than it took in the 2019 election year, raising just over $42 million and spending just over $43 million.<\/p>\n
Financial records released late Friday show that by the end of the year, the party had $625,865 in assets.<\/p>\n
All political parties had until midnight June 30 to submit their financial reports for last year.<\/p>\n
Of the major parties, only the Liberals' 2019 records were available Friday.<\/p>\n
The New Democrats say they asked for and received an extension, the Conservatives did not immediately reply to a request for comment.<\/p>\n
The Liberals also finished 2019 with $24.7 million in loans, according to their financial records, against huge election-year donations.<\/p>\n
Among their biggest expenditures in 2019 were salaries, coming in at $7.95 million.<\/p>\n
This year, they are covering some of their staffing costs using the COVID-19 wage subsidy program, which is also being used by the Conservatives.<\/p>\n
This report by The Canadian Press was first published July 3, 2020.<\/p>\n
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Originally posted here: <\/p>\n
Liberal party finished 2019 having spent $43 million, raised $42 million - CP24 Toronto's Breaking News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" OTTAWA - The Liberal party spent more than it took in the 2019 election year, raising just over $42 million and spending just over $43 million. Financial records released late Friday show that by the end of the year, the party had $625,865 in assets. Continue reading