Improved economic forecasts mean the government no longer needs to make a significant "fiscal correction" in the budget.
That's according to the latest report from the Economic and Social Research Institute.
The think tank predicts that Ireland will easily achieve the European Commission target of having a deficit that's less three per cent of GDP.
The report expects our GNP will grow at five per cent a year in 2014 and 2015.
Kieran McQuinn, Associate Research Professor with the ESRI, says this brighter outlook means the government could even reach a deficit of 2 per cent next year:
