Thank you, Mr. Chair.
My first question concerns the dedicated transfer. As my party's critic for postsecondary education and training, I entirely agree. This is what we've been advocating for a number of years.
You mentioned an amount of $4.9 billion. Are you referring to the budget cuts made in the 1990s? Is that an amount we should have today, if there hadn't been all those cuts, all those cutbacks over a number of years? Is that it? If not, does it represent another needs analysis?