Thank you, Mr. Chair. My questions are through you.
Mr. Shimooka, you've written extensively on the gap between defence spending and actual capability output. The government announced in March that Canada had hit the NATO 2% target for the first time in decades—partly from the $9.3-billion injection from the supplementary estimates (A), and partly from the transfer of the unarmed Coast Guard to the Department of National Defence.
NATO has reported that Canada is at 2.01%. However, the Stockholm International Peace Research Institute, the global standard for independent military expenditure reporting, reports Canada is at only 1.6%.
In your view, how much of that supposed 2% reflects actual new capability versus reclassification of pre-existing spending?