Fianna Fáil is denying that a deal on the repayment terms of Ireland's Troika loans would effectively be a second bailout.
The Troika has urged that Ireland and Portugal be given extra time to pay back the EU loans.
It will be discussed by Finance Ministers at a summit in Dublin this weekend, but a final decision would have to be given by Germany.
Fianna Fáil's Finance Spokesman Michael McGrath said the Coalition must get a deal and pass it on to the taxpayer with less austerity measures in upcoming budgets.
He said: "If there is any headroom there, given what has happened in the economy over the last number of years, that headroom should be used to give people some respite in the next budget and also to invest in job creation initiatives, particularly in capital projects.
"This Government has absolutely savaged the capital budget, even the budget that has been provided is not being spent."