French Polynesia's Gaston Flosse has called on the French government to provide French Polynesia with 124 million US dollars to support sectors of the economy facing a crisis.
Mr Flosse, also a member of the French Polynesia Assembly's opposition, made the request in a letter sent to French Overseas State Secretary Yves Jégo.
In the letter, he said the tourism industry was at its lowest level, commercial fishing industry is completely paralyzed and the hotel industry is experiencing an unprecedented crisis
However, Bruno Bellanger, president of the French Polynesia Economic Business Council, claims that Tahiti's continued political instability and a deterioration of the tourism situation have contributed to the local financial crisis.
Meanwhile, Pacific Magazine says this is Mr Flosse's second recent request for French state funds.
The online news service says the first involved setting up a specific fund financed by the state to compensate victims of nuclear testing.