Thank you, Minister.
It's what we call the “technology debt”, in this case. It's not necessarily about developing new projects. As you know, we have OAS, CPP and EI, and they all run on really old IT systems.
We have a panel replacing this with a new system. At the moment, we need to stabilize the existing system to make sure it continues to work appropriately. In 2021, we got funding: $469 million over six years.
This year, some of that money comes from the CRF, and some of it comes from the EI account, for example. This is the portion coming from the CRF. The only objective is to stabilize the existing system. This could mean, for example, making sure they update the infrastructure and that it will actually work over the next five to 10 years.