We were elected with the mandate to spend less, invest more and balance our operational budget in the next three years, as well as to build the strongest economy in the G7. We are laser-focused on that.
Part of the mandate given to me by the Prime Minister was to launch a comprehensive expenditure review, asking how we could balance our operational budget, find savings from underperforming programs and reinvest into core priorities. That's exactly what we did.
In that review, we will achieve savings of $9 billion in 2026-27, $10 billion in 2027-28 and $13 billion in 2028-29. This is ongoing. Those savings are coming from duplicative, underperforming programs; we're finding those savings and investing in defence, infrastructure and housing.
Those are the core priorities of our mandate in the new government.