Fianna Fáil is proposing an equal split between taxation and expenditure measures in its pre-Budget submission.
The party backs an overall budget adjustment of €3.5bn.
On taxation, Fianna Fáil insists this is not the time to introduce a property tax.
The party is proposing to increase the Universal Social Charge by 3% for earnings over €100,000.
The party would reduce tax relief on pension contributions.
It said it would impose a 10% levy on alcohol sales in off-licences and outlaw below-cost selling of drink.
Fianna Fáil is proposing to control prices of cigarettes in such a way that more revenue would go to the Exchequer.
The party would also increase Capital Gains Tax to 35%, but would increase mortgage relief for first-time buyers.
On the spending side, the party would tackle public service pay by cutting an extra €350m next year in allowances and deferring increments, among other measures.
The party would reverse cuts in third-level grants and cuts in home help hours, as well as recommencing garda recruitment.
Additionally, Fianna Fáil is proposing free GP care for all newborn children from the beginning of 2013.
The party is proposing to reduce the pensions paid to retired senior public servants including former ministers.
Fianna Fáil would reduce pensions between €75,000 and €100,000 by a quarter, and cut the margin over €100,000 by 30%.
The party has already published measures to cut bankers' pensions by up to 40%.
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