Cook

Budget 2024: ICMSA claims gov ‘failed’ to recognize pressures

Louise Hickey Profile Picture

Budget 2024: ICMSA claims gov 'failed' to recognize pressures

The government has “completely failed” to recognize farming income pressures in Budget 2024, according to the Irish Creamery Milk Suppliers’ Association (ICMSA) president, Pat McCormack.

McCormack said the budget today (Tuesday, October 10) was a “complete non-event” for “serious” issues in the agriculture sector.

“There’s nothing here that shows the government even understands the scale of problems – still less want to solve them.

“All we seem to have got is a rollover of existing reliefs with some minor technical adjustments,” McCormack said.

Key measures outlined in the budget included more than €3 billion for climate and nature related investments between 2026 and 2030.

The fund is one of the first of its kind and aims to ensure that investment in environmental projects will be prioritized.

According to McCormack there has never been a shortage of government-appointed groups on issues of climate change, but he said “there seemed to be no willingness or commitment” for the government to follow up.

“This budget, like so many of its immediate predecessors was happy to point at alleged agri-environmental problems while shying away from the kind of on farm funding that would deal with them,” McCormack said.

Budget 2024

Some of the key Budget 2024 announcements included €400 tax exemptions for electricity microgeneration and the extension of key tax reliefs.

“There is nothing in it, certainly nothing in it for Irish farmers except a few pro forma relief rollovers,” McCormack said.

He added that in light of the recent nitrates decision, there was “guilty silence” from the state.

Prior to today’s announcement, ICMSA were calling for farmers to be included in any possible one-off payment for small and medium enterprises (SMEs).

Details of changes to the Employment Investment Incentive Scheme were outlined in today’s budget – the changes provide tax relief for risk capital investments in qualifying SMEs.

The budget doubled the amount an investor can claim relief on for four year investments to €500,000. It has not yet been confirmed if farmers can benefit from these changes.

William

I'm William from America, I'm a food lover, often discovering and making new recipes. I started my blog to share my love for food with others. My blog is filled with delicious recipes, cooking tips, and reviews about restaurants and products. I'm also an advocate for healthy eating and strive to create recipes that are easy to make and use fresh ingredients. Many of my recipes contain vegetables or grains as the main ingredients, with a few indulgences thrown in for good measure. I often experiment with new ingredients, adding international flavors and finding ways to make dishes healthier without compromising on flavour. I'm passionate about creating simple yet delicious recipes that are fun to make and can easily be replicated at home. I also love sharing my experiences eating out with others so they can get the best out of their dining experiences. In addition to cooking and writing, I'm also an avid traveler, often visiting new places to discover local delicacies and explore different flavors. I'm always looking for a new challenge – whether it's trying an exotic food or creating a new recipe using unusual ingredients. My blog is a reflection of my passion for food and I'm always looking for new ways to share it with the world. Join me on my culinary journey and let's explore delicious foods together!

Related Articles

Back to top button