The Taoiseach Enda Kenny says the Budget will include measures aimed at making the water charge as 'affordable and fair as possible'.
Mr Kenny says Finance Minister Michael Noonan will outline the provisions in his speech to the Dáil this afternoon.
Meanwhile the Public Expenditure Minister Brendan Howlin says "most people will breathe a sigh of relief" after the Budget today.
Speaking on his way into the Cabinet meeting this morning, Mr Howlin said the public can look forward to a "minor easement" of the pressures upon them.
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He said it was important to achieve the government fiscal targets in a way that recognises the "incredible" effort of the Irish people, after seven years of the harshest conditions.
Mr Howlin says it is the start of a "milestone" era for Ireland.
As speculation continues into what is in today's Budget, we asked people on the streets of Dublin what they think.