On its part, the Electoral Tribunal explained that this document introduces tittles, chapters and articles that require a systematic organization of the legislation and some were left without modification.
Among the changes established by the new Code are the pre-electoral 7% financing for the free-nomination candidates and 93% for political parties.
Also, it bans campaigns from receiving donations from companies that do not exercise economic activities in the country, anonymous donations from people, governments, foreign organizations, companies where the State is a stockholder, other contractors or public sector concessions.
Before sanctioning the bill, the President of the Republic, Laurentino Cortizo, objected to only one article, which ordered an amnesty to the fines imposed to the candidates who participated in the 2019 electoral contest.
In 2024, Panamanians will elect at the polls the President and Vice President of the Republic, deputies to the Central American Parliament, legislators of the National Assembly, mayors, township representatives and councilmen, with their respective substitutes.