Growth in the economy will slow gradually in the coming years, according to Minister for Finance Paschal Donohoe.
The minister said that Irish gross domestic product would expand by around 3.5% this year and around 3% next year.
Ireland is expected to have been the European Union's best performing economy for the fourth consecutive year in 2017.
Finance Minister says changes on the way to local property tax, warns of heavy reliance on corporation tax pic.twitter.com/rBm3u6xmnp
— RTÉ Business (@RTEbusiness) January 9, 2018
Mr Donohoe said in December that growth was likely to beat a forecast of 4.3% for 2017.
The minister also said that he believes the Irish corporate tax offering will continue to be competitive in the wake of tax changes in the US.
"The proposition that we offer will continue to be competitive, even against the context of changes being made in the US and the UK," he said as he detailed his department's economic priorities for 2018.
"The engagement I have had with international companies since it has become clear what the direction of travel will be in the US has confirmed that view to me," he added.
Fianna Fáil's Finance Spokesperson has said there are a number of key risks facing the economy, including Brexit and changes to corporate tax rates internationally.
Speaking on RTÉ's Drivetime, Michael McGrath also said there is a high level of dependence on a very small number of multinational companies, saying "they will make investment decisions in their own best interests".
He said there needs to be a focus on the domestic economy and people working with Irish SMEs, adding it is the best way to counterbalance risk.
