1 Sentences With "cuts expenditure"

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The Central Election Commission has estimated the budget of the holding of regular presidential elections in Ukraine at 1.5 billion hryvniasPresidential direct election to cost Ukraine over 1.5 billion UAH , For-ua (July 29, 2009) (approximately 200 million US dollars) with additional costs required by candidates to fund their campaigns. Each candidate is required to pay an election deposit of 2.5 million hryvnias (Approximately 300,000 US dollars) The deposit will be refunded to the two highest polling candidates who progress to the second round of elections. On November 26 the Central Election Commission stated a total of 1.314 billion hryvnias is required to hold the presidential election, including 192.2 million in 2009 and 1.122 billion in 2010.Central Election Commission cuts expenditure on presidential election by Hr 17.3 million, Kyiv Post (November 26, 2009) Assessments by political analysts show that each presidential candidate will have to spend at least US $150–200mn to promote himself; this includes buying story lines in the media, visual advertising, canvassing, printing political material and, work with electoral commissions.