Plans underway to change fishing fees despite revenue loss from mackerel agreement with Norway and the UK

Wednesday 21st August 2024 on 10:18 in Faroe Islands Faroe Islands

finance

Plans are underway to change fishing fees, despite expectations that the national treasury could lose 75 million Danish krone in revenue due to a new mackerel agreement with Norway and the UK.

This was confirmed by Ruth Vang, the Minister of Finance, who believes that fishing fees should remain at a reasonably stable level.

“It is not right to alter the fees every time there is a gap in the national budget,” she stated.

Source 
(via kvf.fo)