How Much Stimulus Has Been Spent

The total spent so far is just 24 6 billion out of 379 billion.

How much stimulus has been spent. Within 10 days of receipt those who had received the stimulus payments had spent 600 more than those for whom the check hadn t yet appeared. Our brand new state of the art interactive covid money tracker tool follows every dollar authorized and spent by congress the federal reserve and the administration in response to the coronavirus public health and economic crisis. Actual new spending has made up only a small portion of indian government stimulus.

More than 520 billion has been lent. While most americans have already received their stimulus. To date we estimate policymakers have committed trillions of financial support including 587 billion through administrative actions 3 8 trillion through.

Since mid april the internal revenue service irs has sent a total of 159 million stimulus payments with a total value of 267 billion. But by now most of the businesses that have applied for a loan have received one and about 130 billion remain. Stimulus spending is too slow less than 25 will be spent in 2009.

On march 26 2020 indian announced a 22 5 billion spending plan to help the nation s poor better cope with the. Overall the researchers found that stimulus recipients began spending immediately after the checks landed in their accounts. Maya macguineas president of the bipartisan committee for a responsible federal budget did the calculation based on the three stimulus bills we ve had so far totaling 2 5 trillion.

Of labor less than 2 of the money appropriated to all other departments education transportation energy has been spent. In addition out of the 787 billion cost of the stimulus package over 330 billion was in the form of tax cuts for individuals and small and large businesses. Before we look at the details here are the big numbers that show the immense scope of stimulus spending.

Characterizing it as all spending is completely inaccurate.