Meanwhile, the government has allocated almost 275 billion euro in capital spending over the next decade in a revised National Development Plan.
The government estimates it will have 1.5 billion euro to implement tax cuts in October's Budget.
The Summer Economic Statement also outlines almost 8 billion euro in new spending.
However, the document comes with a warning the public finances are not as healthy as they seem, and if the situation with tariffs changes, they will have to revisit those figures.
Meanwhile, the government has allocated almost 275 billion euro in capital spending over the next decade in a revised National Development Plan.
Individual projects won't be announced until the Budget - but money has been set aside for Dublin's Metrolink, as well as water and electricity investment.
112 billion euro will be spent over the next five years, with ministers saying they will prioritise capital investments if the economy enters choppy waters.
Nationwide Fuel Protest Continues Into Third Day
Two Separate Weather Warnings Issued For Tomorrow
International Wholesale Prices Are "Not Price Gouging", Says CCPC
Costs Of Home Heating Oil Up By 67.5 Per Cent Between February and March
91-Year-Old Lelia Doolan To Arrive In Monasterevin Today As Part Of Her Walk For Peace
Harvey Norman Nationwide Cancer Fundraiser Launched
Operation Against Romance Fraud Network Leads To Arrests In West Dublin
Tánaiste Says Fuel Prices Should Drop Sooner Rather Than Later
