Public Financing of Elections

Public financing of elections means that government funds are used to support candidates' campaigns, often through grants or matching funds, to promote fair competition and reduce undue influence from wealthy donors. This system aims to increase transparency, ensure broader participation, and diminish corruption risks by providing candidates with public resources, sometimes in exchange for agreeing to specific spending and contribution limits. Overall, it seeks to make the electoral process more equitable and focused on public service rather than private wealth.