The Government has claimed it has attained 76% of its objectives outlined in its Programme for Government before the last general election, three years ago.
The Minister for Finance Brian Cowen said the coalition's ability to manage the public finances had ensured commitments were being met.
He said Ireland boasted the lowest level of unemployment in the European Union, the second highest minimum wage, the highest investment in the EU on infrastructure and the most generous tax and welfare system in the world for single income families on the average industrial wage.
The Taoiseach, Mr Bertie Ahern said: "In our Government Programme we made an overriding commitment to keep the public finances in a healthy condition. On this we have been as good as our word and the reward is that we now will have the resources to implement our pledges."
However, the opposition rejected the self-assessment and warned the electorate were not writing the same glowing review.
The leader of the Labour Party, Mr Pat Rabbitte, warned the third progress report from the coalition partners could not hide the fact that the administration is battered and bruised.
"Unsurprisingly the report makes no mention of the big issues that the government has failed to address - no structural provision of childcare; a government of mismanagement and waste; a health service that is leaderless and in confusion; and escalating antisocial behaviour," he said.
The extent of the incompetence, indecision and division in this government are such that the public interest will now best be served by having a general election at the earliest possible date."
Richard Bruton, Fine Gael finance spokesman, said the Government was now beginning to believe its own rhetoric.
"Fianna Fail and the PDs are now in their ninth year of office. Rarely has a government had so much time to get things right. Never has a government had so much money to spend. Never has a government delivered so little," Mr Bruton said.