Michael McGrath said Ursula von der Leyen had asked him to strengthen the link between the EU budget and compliance with the rule of law.

Jack Chambers has been named as the new Minister for Finance, replacing Michael McGrath who has been confirmed as Ireland's nominee for the European Commission

The next Finance Minister is also expected to be announced on Tuesday.

Minister for Finance Michael McGrath is set to be confirmed as Ireland's next EU Commissioner

It is widely anticipated that the current Finance Minister Michael McGrath will be put forward for Cabinet approval tomorrow morning