The Irish Times has seen an unpublished document in which the EU agreed to relax Ireland's budgetary rules until 2019.
These new targets have been set because Ireland brought its deficit below the EU limit of 2% of GDP in 2015.
The amount of fiscal space which will be afforded to the next Government has been a matter of debate in recent days.
French finance minister, Michel Sapin has criticised the UK's controversial £130m tax settlement with Google.
He said that the deal, "seems more the product of a negotiation than the application of the law."
This intervention has sparked fresh calls for the European Commission to investigate the deal which allowed Google's UK operation to continue to book sales of £5bn in its Dublin Office.
Authorities in France are said to be seeking £380m in back taxes.
French officials are examining whether the company's Irish operations are "engage in commercial activity in France … without making the relevant tax declarations."