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Politics · Funchal · 2 November 2026

Paulo Neves hails 2027 State Budget as a major win for Madeira

The PSD/M deputy highlighted youth measures, university funding and the new hospital, while criticising regional opposition parties.

PSD/M deputy Paulo Neves said the 2027 State Budget is a major victory for Madeira. Speaking at the University of Madeira, he stressed its focus on young people, citing the continuation of the IRS Jovem tax relief, already used by more than 962,000 young people, and support for first-home purchases.

Among the measures he listed were a 10% increase in funding for the University of Madeira, a 6% rise in transfers from the Republic to the region, and a commitment to cover 50% of the new hospital. He also said the budget helps repay the regional debt and includes a corporate tax cut.

Neves criticised the regional opposition parties, pointing to the PS's vote against the budget and the JPP's abstention. This report reflects one speaker's position; responses from the parties named were not included in the source.

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