Thank you, Chair.
Once again, welcome, Mr. Giroux and your team. I consider you and the team the combined 12th member of this committee. Thank you to you and your team for always being available on very short notice when our office calls to ask for clarification. Whether it's on a review of a report you've put out or we have a question we want to clarify, we've seen great response, so thank you once again for that.
Thank you for your report. In section 2, under spending especially for elderly benefits, you've indicated that money for elderly benefits is the single largest area of federal spending, and you further broke it down under the three different programs and highlighted where these funds are going. You specifically talk about the increase in the 2023-24 budget and then the projected budget for 2027-28. You also highlighted some of the policy decisions. Can you elaborate on those three points?