Report shows how America's election campaigns gulped over $8.15 billion

Report shows how America's election campaigns gulped over $8.15 billion

As Americans head to the polls on Tuesday, November 3, to elect principal political office holders, Legit.ng takes a look at the financial cost of the electioneering process so far.

According to a report by MediaPost, the political campaigns by the Democrats and the Republicans across TV, radio, and digital have gulped a massive $8.15 billion.

To do a little comparison, Nigeria's 2021 Budget Proposal recently presented to the National Assembly is $8.15 billion

Report shows how America's election campaigns gulp over N3 trillion

Final US Presidential Debate Between President Trump And Democratic Candidate Joe Biden. Photo credit: Kevin Dietsch/UPI/Bloomberg via Getty Images
Source: UGC

The report indicates that the Democrats spend more than the Republicans as they strive to unseat President Donald Trump and take over other major seats in the elections.

The Democrats

As at October 30, the Democrats have spent $4.6 billion in candidate campaign, party, and political action committees for all the seats they are vying for.

The Republicans

According to the report, the Republicans have spent $907 million which is about N343.7 billion.

Presidential Campaign

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Presidential campaign gulps a higher percentage of the spending with a collective $2.94 billion (N1.1 trillion) for all advertising.

In this category, total Democratic presidential spending dominates at $2.16 billion while Republican presidential spending trails at $780 million.

Senate Campaign

Collectively, Senate race political advertising spending has gulped $2 billion

Democrats also lead with $1.1 billion while Republicans have spent $870 million

House of Representatives

Spending for House of Representatives is at $1.15 billion (N435.8 billion): $649 million for Democratic candidates and $500 million (N189.5 billion) for Republicans.

According to MediaPost, the spending for the governorship race cost a total of $250 million..

All other political spending comes in at $1.8 million, according to the report.

Meanwhile, nine Nigerian-Americans will be on the ballot on the election day in the US.

According to the News Agency of Nigeria (NAN), they are mostly on the platform of the Democratic Party.

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The candidates are bidding for different offices at the federal, state and local levels.

Source: Yen

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