Finance Minister Jack Chambers plans to postpone the new tax and redraft legislation, aiming to address farmers' concerns about being taxed on agricultural land.
A senior Green Party source criticized the delay, questioning Fianna Fáil's commitment to tackling the housing crisis and ensuring land is developed for new homes.
Everyone in Government recognizes the need for around 50,000 new homes annually, which can't happen if speculators monopolize land set aside for development.
The Government insists on maintaining mechanisms to encourage development while also considering farmers' rights, emphasizing that the process can be enhanced in the Budget.
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