The Tánaiste Mary Coughlan has endorsed the 2009 Budget as a balanced and decisive response to the downturn in the global economy.
The Tánaiste said: "The events which we have witnessed over the last few weeks on the international money markets have been characterised by a loss of confidence in financial systems.
"In the wake of recent international events, the Government was faced with making difficult choices in the Budget. However, the choices which were made show leadership and will stabilise Government borrowing and restore confidence in our economy both nationally and internationally. They will also protect the most vulnerable in our society."
"We have sent out a message that Ireland is still open for business, in spite of the current difficulties that are shared world-wide. We have shown this by continuing to invest in priority areas that will stand to us when the economic cycle turns around."