Minister for Finance Paschal Donohoe will announce details of Budget 2019 in the Dáil at around 1pm today.
It is understood the overall Budget package will be between €1.4-1.5 billion due to revenue raising items.
Here is what we know about the Government's financial plans so far:
Revenue raising measures
The 9% VAT rate will be increased for the hotel and restaurant sector to 13.5%.
The 9% VAT rate for hairdressing will also go up to 13.5%, while it will remain at 9% for newspapers and sports facilities.
There will be an increase of 50 cent on a packet of 20 cigarettes.
There will be no increase in the carbon tax.
It is understood there will be a 1% increase in vehicle registration tax for newly registered diesel vehicles.
Other measures including tax cuts
The minimum wage is increasing by 25 cents bringing it to €9.80.
In an effort to prevent people moving to a higher Universal Social Charge band, the 2% band of USC will be widened by around €500.
The 2% rate is currently paid on income over €12,012 and under €19,372. That will now be increased to around €19,800.
The 4.75% rate of USC will be reduced to 4.5%.
The point at which people hit the higher rate of income tax will rise by €750 to €35,300.
The threshold for inheritance tax that applies to children inheriting from their parents will increase by €10,000 to €320,000.
The self-employed earned income tax credit will increase by €200 a year.
The home carer tax credit will increased by €300 per year. It is currently €1,200.
Mortgage interest relief will be maintained at the reduced 50% rate. It is already confirmed that DIRT on savings will decrease by 2% to 35%.
There will be an increase of €5 on social welfare payments.
The Back-to-School Allowance will increase by €25.
The weekly qualified child allowance for children whose parents are on welfare payments will go up by €2.20 per week for children under 12 and by €5.20 for children over 12 years.
16,000 children are set to qualify for the highest levels of childcare subsidy with almost €90m in additional funding.
There will be an extension of PRSI benefits for the self-employed to include Jobseeker's Benefit in late 2019.
Two weeks' paid parental leave will be introduced in late 2019.
A €300m fund for an affordable housing scheme will be introduced over three years.
The income eligibility will be up to €50,000 for an individual and €75,000 for a couple.
The scheme will result in a discount of up to €50,000 on the cost of building a house. However, it is understood there will be a maximum discount of 40% of the market value of the house in that area.
The cost of the house will depend on the region and building costs. Mortgage interest relief for landlords will rise to 100%.
There will an additional €130m-150m for the Housing Assistance Payment.
The National Treatment Purchase Fund will increase by €20m next year.
There will be an €3m allocated to hire 100 therapists for children will special needs.
Free GP care is expected to be extended to 100,000 people as a result of a €25 increase in the income threshold for the GP card. The threshold will rise by €45 for a couple.
There will be a 50 cent reduction in prescription charges for the over 70s.
A reduction of €10 in the maximum amount payable under the Drug Payments Scheme.
Up to €14m will be provided for abortion services and an additional €55m for mental health.
Separately farmers will get 10% increase in payments under what was known as the disadvantaged areas scheme.