A release said that due to a reduction in government allocations, the Caribbean Prestige Foundation for the Performing Arts has had to adjust the prize structure of the Lotto Plus International Soca Monarch 2017 Competition.
"In an effort to ensure the maximum prize earnings for all finalists, the CPF has also acquired additional funding to enhance the 2017 prize disbursements.Despite the reductions however, the 25th Anniversary instalment of the competition will continue the exciting legacy of Soca’s biggest show," the release said.
The new prize structure for 2017 is as follows:
4th – 22nd $50,000 each
The prize for the Carib BreakOut Artiste $ 50,000
The Chutney Soca Monarch first prize was also reduced to $500,000 due to a reduction in government allocations.