Report on the financing of the campaign for the election of the President of Montenegro 2023


MANS monitored the financing of the campaign for the presidential elections in Montenegro held on March 19 and April 2, 2023, in which seven candidates took part.

During the election campaign, we monitored the activities of all candidates and their political parties and collected information about their promotional videos and materials, rallies and other materials. In particular, we monitored TV stations with national frequency and collected data on the advertising of each of the candidates. We also collected advertisements from print media, as well as information about advertising on certain social media.

We also collected the official reports of the candidates on the financing of the election campaign, analysed them and compared them with the data obtained through monitoring in order to identify hidden expenses. We investigated the largest campaign suppliers and their ties to the candidates and their political parties.

This document contains an analysis of official data on campaign revenues and expenses for each presidential candidate. It indicates the possible hiding of certain expenses and provides evidence that confirms their existence. Detailed information on the official income and revenues and expenses is available at

The report was prepared thanks to the financial support of the National Endowment for Democracy, but the views and statements presented in it do
not necessarily reflect the views of the donor.

You can read complete report here.

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