Minister for Finance Michael Noonan has said he is making a commitment that there will be no sudden shocks in the demands for the Property Tax.

Speaking on his way into the Cabinet meeting at Lissadell in Co Sligo, he said he was not going to have a huge jump in the take when the current valuation system expires.

He said he was looking at ways to keep the LPT take at around the same level as it is currently. When LPT was introduced in 2013, valuations were fixed for the period up to the end of 2016.

Mr Noonan also said the Government will have €1.4bn in additional tax, however he said it would not have an impact on the budget.

However, the minister added it would be easier to achieve the deficit target for 2015 which he expects to come in at 2.3% and not the "high twos" as previously expected.

Meanwhile, Minister for Communications Alex White said it was important to have stable public finances and that required a Government that is stable. He said the budget has to be fair.

The Cabinet met in Lissadell House this afternoon to mark the 150th anniversary of the birth of poet William Butler Yeats.

Lissadell House is the childhood home of Countess Markievicz and her sister Eva Gore-Booth.

WB Yeats was a friend of the sisters and visited and stayed in Lissadell. He also featured the sisters and the house in his poetry.

Ministers also discussed draft legislation to allow adopted people have the right to their birth certificate.

Minister Noonan was also expected to bring a memo to Cabinet on Budget 2016. 

Unanimous support for adoption legislation

Minister for Children and Youth Affairs James Reilly said there was unanimous support at today's Cabinet meeting for new legislation on adoption. 

Without going into specific details, the minister said he was pleased that a balance had been struck and given the range of difficult issues that had to be considered, he said he intends to propose the legislation next week.