Ireland's two major centre-right parties finalised a coalition deal with independent lawmakers on Wednesday that will return Micheal Martin as prime minister and continue the previous government's high spending economic policy.

Ireland’s centrist political parties struck a deal to form a coalition government, backed by a handful of unaligned lawmakers, after weeks of negotiations, according to the Irish Times.

Talks between Ireland's two historically dominant centre-right parties and independent lawmakers have reached agreement that will give a new coalition government a "comfortable majority," a negotiator for one of the parties said on Wednesday.