 Faroese Prime Minister Kaj Leo Johannesen asserted that they would begin a new draft of the constitution and remain in the Danish Realm.Although they enjoy a significant amount of autonomy from Denmark, the Faroe Islands still regularly rely on USD $99.8 million of government subsidies to keep their economy stable; in 1992 a banking decline of 25% sent the economy into a period of stagnation and 15% of the population to mainland Denmark.Financial support from the Danish government takes up 4.6% of the Faroese gross domestic product and accounts for 10-12% of the public budget.