Brendan Howlin (Wexford, Labour) | Oireachtas source

In the context of the annual budget, there are two presentations now, one of which is the presentation on the expenditure side. The Minister for Finance makes the overarching presentation, which covers the taxation side, on the same day. The total financial parameters, including the State's borrowing requirement, are part of the budgetary arithmetic that is formally voted on and accepted. On the day, a number of Financial Resolutions are voted on. Then there is a residual financial resolution - the overarching one, which encompasses the level of borrowing and everything else.