Read the text and determine if the sentence is true (see options at the end):

It says, and I agree with my colleague from the New Democratic Party on this, that instead of cutting a total amount of $48 billion between now and the year 2003, cutting $48 billion in higher education, social assistance and health, the government will only be cutting $42 billion.

Sentence: The speaker is referencing only one sum.
Choose from:
(I). Yes
(II). It's impossible to say
(III). No
(III).