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Launching the IFA pre-Budget SubmissionFARMING FOR A SUSTAINABLE FUTURE – in Dublin today (Wed), IFA President Joe Healy said a progressive Budget 2020, that supports Irish farmers to develop sustainably is imperative, given the immediate threats and long-term challenges facing the sector.

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Find out about the latest update on the Mercosur trade negotiations.

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Budget Report 2019

The macroeconomic outlook for 2019 is generally positive, Ireland is expected to achieve GDP growth of 4%, down slightly on previous years. Levels of employment are increasing and Government debt as a % of GDP is falling, it is expected to reach 63.5% in 2019, down from highs of 120% in 2012/20131. Debt levels are more accurately reflected as a percentage of Gross National Income (GNI), which also reflect a downward trend.

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In what has been a very challenging year for farmers, IFA President Joe Healy said today’s Budget was some acknowledgment of the income difficulties in agriculture, but the upcoming major issues of Brexit and CAP will require much more Government commitment and support for farming.

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“IFA has welcomed the announcement that FBD is to buy back the €70m convertible bond from Fairfax.

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