The measures announced in Budget 2013 have been criticised in some quarters and welcomed in others.
IBEC, the group that represents Irish business, said the €3.5bn adjustment in Budget 2013 was a painful but necessary further step towards getting the economy back onto a sustainable footing.
IBEC Director General Danny McCoy said: "Broadening the tax base and focusing on cutting expenditure means that the direct impact on jobs has been minimised."
SIPTU General President Jack O’Connor criticised the abolition of the PRSI allowance, saying it was "a regressive measure which will disproportionately affect lower income families."
He added: "It could have been offset somewhat at least for those on incomes up to average industrial earnings if the proposal for a 3% levy on all incomes over €100,000 had proceeded."
The Dublin Chamber of Commerce said that the Local Property Tax will hurt those who want to work the most.