Madeira will receive an additional 75 million euros, in addition to the funds that were already foreseen, within the scope of the State Budget, the result of an agreement between the governments of the region and the Republic, it was announced today.
Speaking to journalists on the sidelines of a visit to the Forte de São Filipe Museum Center, in Funchal, the president of the Government of Madeira (PSD/CDS-PP), the social democrat Miguel Albuquerque, highlighted that “there are two very important points” that will be enshrined in the State Budget for 2026 (OE2026), which begins to be debated today in the Assembly of the Republic.
The OE2026 proposal specifies that Madeira will receive 214,362,360 euros under the terms of article 48 of the Autonomous Regions Finance Law (budget transfers) and 79,930,558 euros under the scope of article 49 (cohesion fund for the outermost regions), “on an exceptional basis”.
Miguel Albuquerque once again explained that, due to the current Regional Finance Law, “inequitable, unfair and anachronistic”, the region would not receive funds from the cohesion fund, due to its economic growth.
The president of the Madeiran executive said that the autonomous region should close the year 2025 with a Gross Domestic Product (GDP) in the order of eight billion euros, which “means that there has been more than 83%, in the last 10 years, of economic growth”.
However, he reaffirmed, it was possible to agree with the Prime Minister, Luís Montenegro, the amount of 79.9 million euros corresponding to the cohesion fund.
Miguel Albuquerque announced, on the other hand, that there is “an extraordinary fund, which has a little cohesion, which also has to do with the extra costs” that the region has in areas such as education and health, in the amount of around 75 million euros.
“There was an agreement with the prime minister”, assured, Miguel Albuquerque, also adding that there are other issues that remain to be resolved, such as health subsystems and the extension of the Madeira International Business Center regime.
The Assembly of the Republic begins today to debate in plenary the Government’s State Budget proposal for 2026, which has guaranteed general approval, with the PS abstaining.
The debate starts at 3:00 pm, with an intervention by the Prime Minister, on an afternoon in which the discussion of the document is scheduled for 249 minutes, although the parties can bring forward or transfer part of the time to Tuesday.
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