MALDIVES: fisheries subsidies, for fuel, a matter of survival

An opposition party (Dhivehi Qaumee Party or DQP) in the Maldives is pressing the government to quickly provide fishermen with 100 Million Ruffiya (USD 7.8 million) subsidies to the fisheries sector to help them purchase fuel. According to the article, this amount was already allocated by the governement in the 2011 budget.

Also according to the article the DQP argues that:

"...the industry has been going downhill and that the families of the fishermen are now living in hunger and poverty. The party said that the subsidies given to the fishermen to purchase fuel are given with the aim to lift of these burdens from them and to help them out."

This piece of news aroused my curiosity on the Maldives' fisheries industry.

In the 2010 Statistical Yearbook of the Maldives I found information about the number of fishermen active in the Maldives and made a few calculations.

The most recent data  concerned 2007. In that year there were 13,648 fishermen in the Maldives. So this means that a 100 million Ruffiya subsidy allocation to the fisheries industry would translate into a 7,327 Ruffiya (or 571 USD) subsidy per fishermen in the Maldives.

Here is the link to the article:

And here the link to the Statistical Yearbook of the Maldives:

No comments: