The $150 million promised by the Liberal government during the last election campaign is actually in line with the latest cuts of $115 million, as well as the loss of the Local Programming Improvement Fund. That fund was used directly by CBC/Radio-Canada and helped the broadcaster produce regional newscasts.
The investment would only bring the Canadian public broadcaster back to the level it was at before the cuts—to an annual contribution of $33 or $34 per Canadian. We are still well below the OECD average. In a perfect world, it would definitely be preferable for the investment to be even larger. We talked about the difference between inflation and increases. There is a difference of $547 million annually. That's huge. Of course, $150 million is a good start.
You were talking about investments to be made in the area of technology. Given all these new broadcasting platforms, we believe that CBC/Radio-Canada must be present and be a leader in terms of new technologies. Meeting this challenge will require investments for the acquisition of not only equipment, but also qualified staff. The idea is to help Canada have a global impact in terms of innovation.