Minister for Finance Brian Lenihan has said depositors should be totally reassured about their money in Irish banks.
He said the European Central Bank supports the decisions made by the Irish Government, and there will be nothing in next week's Budget that he would not have done in any event.
He said the four-year plan was not written by the IMF, but by the Government.
Mr Lenihan said cuts in social welfare have not been ruled out in the Budget.
He also said pensions in the public service will see reductions and those with the largest pensions will see the biggest reductions.
He said outgoing Minister Dermot Ahern, who will not stand in the forthcoming General Election, will see a very substantial reduction in his pension.
Bailout surrenders economic freedom - Gilmore
Earlier, the Labour Party leader said that his party cannot be bound by the details in the document produced yesterday by the Minister for Finance on the European Union-International Monetary Fund deal.
Eamon Gilmore said the document lays out specific budgetary measures for the next three years, none of which has been legislated for in the Dáil.
Mr Gilmore said it represented a surrender of the country's economic freedom.
He objected to the change in the Order of Business in the Dáil next week, which he said was an attempt by the Government to clear the decks to get the Budget through.
Sinn Fein's Caoimhghín Ó Caoláin welcomed Mr Gilmore's statement and said no party should be bound by what the Government produces.
Tanáiste Mary Coughlan challenged Labour to produce an alternative plan on how Ireland can access the €400m a week that it will need to keep functioning over the coming years.
The Department of Finance published details of the EU-IMF agreement last night.
It commits the Government to providing all information requested by the EU, the IMF and the European Central Bank and to consulting them on any policies that are 'not consistent' with the agreement.
A Green Party Minister of State has rejected suggestions that the €85bn financial rescue plan for Ireland amounts to a complete loss of sovereignty.
Speaking on RTÉ Radio last night, Ciaran Cuffe said there was little alternative to the bailout plan.
Meanwhile, the chairman of the Green Party has said politicians must take a pay cut to ensure credibility is attached to the Budget.
In the Seanad today, Dan Boyle said members of the Dáil and Seanad, along with senior civil servants, must have their pay reduced to show they are playing their part in 'burden-sharing'.
