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Rectification Statement No. 22/2026 corrects a budgetary classification inaccuracy for a PRR-funded project managed by the Madeira Institute for Business Development.
A rectification statement has been published to correct a material error in a recent ordinance. Rectification Statement No. 22/2026 from the Regional Secretariat for Economy rectifies paragraph 2 of Ordinance No. 310/2026, of July 14.
The original ordinance concerned the alteration and redistribution of budgetary charges for the project PIDDAR 53517 - C05-i07-RAM - Capitalization Instruments for Madeira Companies. This project is funded under the Recovery and Resilience Plan (RRP) and is executed by the Institute for Business Development, IP-RAM.
The statement specifies that, in point 2 of the ordinance, where it initially read that the expenditure was planned only under Economic Classification 04.02.01.Y0.Y0, it should now read that it is planned under Economic Classifications 04.02.01.Y0.Y0 and D08.02.01.Y0Y0.
Both classifications belong to the same Project 53517 of the Private Budget of the Institute for Business Development. The rectification ensures the correct accounting and financial execution of RRP funds intended for capitalization instruments for companies in the region.
A joint ordinance from the regional secretariats of Finance and Equipment authorizes the budgetary redistribution of 19,800 euros to cover services for monitoring a court case related to the embargo of the Ponte Nova construction project.
The Regional Government Council approved an extraordinary financial support of 5 million euros to cover the non-deductible VAT borne by entities executing projects under the Recovery and Resilience Plan.
Ordinance No. 428/2026 authorizes an extraordinary financial support of up to 4 million euros to reimburse VAT borne and not recovered by social solidarity institutions with projects financed by the Recovery and Resilience Plan.