RTÉ News has learnt that the interest rate to be charged on the EU IMF fund is likely to be 6.7%.
This compares to an average borrowing rate of 4.5% on funds raised by the NTMA over the past two years, and is significantly higher than the 5.2% rate charged to Greece for its separate bailout fund.
The governments four year plan assumes that by 2014, interst payments will have increased from €2.5 billion to €8.4 billion a year - around one fifth of all tax revenue.
These figures do not include any borrowing that may be made for extra capital for the banks.
Business, union groups meet the IMF
Business and union leaders have met officials from the EU, European Central Bank and International Monetary Fund.
ICTU general secretary David Begg described the meeting involving his delegation as 'engaged' and 'frank'. Mr Begg said the exchange - which ran for almost two hours in Dublin - was 'explicit'.
ICTU will meet officials from the three organisations again early next week.
Employers' group IBEC said its delegation talked about growth in the Irish economy and whether or not business was in a position to provide the lead. IBEC said it assured the officials of the strength of Irish business and briefed them about the scale, diversity and level of competitiveness of Irish business internationally.
