Northern Ireland is facing £128 million spending cuts following the emergency budget.
Slashing the cost of quangos was among the measures announced by Chancellor George Osborne to address the deficit.
The Northern Ireland Executive will meet to discuss whether to defer action until next year and how the savings can be achieved. Selling off surplus government buildings could be among measures taken as ministers strive to avoid axing frontline staff like doctors and nurses.
The Scottish and Welsh First Ministers are due to fly into Belfast for talks following the budget.
Northern Ireland First Minister Peter Robinson and deputy First Minister Martin McGuinness will meet Scottish leader Alex Salmond and Welsh chief Carwyn Jones to consider their financial strategies.
All three devolved administrations are expected to push for more cash to match some of the regeneration money being spent in London for the 2012 Olympics.
The devolved administrations have to save £704 million between them.
Mr Osborne unveiled plans for an immediate £6.25 billion cut in "wasteful" public spending - insisting the Government is "getting on with the job" of tackling the deficit.
The Chancellor, standing alongside his Lib Dem deputy at the Treasury, David Laws, said the reductions would be made while maintaining "frontline" services in key areas such as the NHS. He also announced that schools spending would be protected.
Some £500 million will be "recycled" to boost employment and skills, and the rest will be used to cut the Government's debt.