I do want to highlight further the work that we are doing on refocusing government spending.
Phase one of that initiative was outlined in budget 2023, and as soon as I became the President of the Treasury Board, I undertook that initiative, which is to refocus government spending towards our government's priorities.
In the supplementary estimates (B) tabled last fall, we began to report on the first block of those savings, with reductions of $500 million, as well as further reductions in the main estimates. That $500 million was broken down into reductions in outsourcing or third party contracting of $350 million and of $150 million on executive travel. Then again, in the main estimates, I provided further information relating to the way in which we were refocusing spending towards our government's priorities.
Those two phases are going to deliver on the government's commitment to refocus $15.8 billion over five years and $4.8 billion every year thereafter.
Phase two of the refocusing government spending initiative was outlined in this year's budget. You will see us taking further initiatives to ensure the prudent management of taxpayer dollars.
Thank you.