The figure does incorporate the collective agreements that have been signed. As the starting point for our forecast for direct program expenses, and particularly for operating expenses, we start with the baseline produced within the government's budget, which incorporates the collective agreements and compensation.
We then make several minor adjustments to it—I would characterize them as minor, at least—on the basis of our own views with respect to interest rates as well as current analysis of some of the transfer payments that are made to third parties, for example for infrastructure spending.