The regulation of political financing in Portugal

The regulation of political financing in Portugal has taken place through successive waves of reform since the adoption of the first decree which gave legal recognition to parties in 1974. The incremental nature of adjustments and the overall inefficacy of instruments adopted, often introduced without a clear understanding of the problems and opportunities for impropriety and corruption, can be interpreted as an attempt by the political class to anticipate the worst, that is, scandal and the threat this would represent to the normal performance of democracy. In spite of the legislators' increased knowledge about successes and failures of foreign regulatory experiences and the importation of instruments tested abroad, Portuguese regulatory efforts are shaped by specific lines of legal-historical development and the dominant attitudes of Portuguese society towards that sort of illegality.