Positive Spring Statement expected from Government

According to the Irish Times, Michael Noonan's five year plan will assume a 4 per cent expansion in 2015, compared to a 2.9 per cent estimate outlined in this year's budget.

It's also expected to set aside between 1.2 and 1.4 billion euro to cover spending increases and tax cuts for October's budget.

Cabinet ministers are due to sign off on the plan tomorrow, before it's made public.