The German far-right National Democratic Party (NPD) has lost its public subsidies due to an unpaid fine, the Bundestag confirmed over the weekend.
Parliamentary spokesman was quoted in der Spiegel, saying "The payments were stopped". He added that the NPD will not receive the €113,000 (around $149,000) sum for the year 2012.
The halt of public subsidies came after the party did not pay a €1.27 million ($1.68 million) fine to the parliament for mistakes in its accounts, the spokesperson clarified.
Media in the country report that all parties in Germany receive 85 euro cents for every vote they get in European, legislative and regional elections, which drops to 70 cents once they have four million votes or more.
In December last year, the Bundestag, Germany’s lower house of parliament, commenced proceedings to have the NPD banned from political life over alleged links to a group accused of racist murders. A previous attempt to ban the party in 2003 failed.
The National Democratic Party was founded in 1964 in Hannover as successor to the German Reich Party. It identifies itself as Germany's "only significant patriotic force".