FACTBOX-G20 economic stimulus: size and impact

[pampango]

Source: Reuters

"ROLLOUT: Implementation rates are hard to gauge but a few countries that provide details give an idea of rollout speed:
*UNITED STATES: stimulus outlays speeding up and $64 billion paid out by mid-July, which when combined with $50 billion of tax breaks provided amounts to about 41 percent of expected annual stimulus of $283 billion.
*CANADA: 81 percent of planned stimulus for 2009 has been committed in the sense that it is available to spend.
*FRANCE: 60 percent of planned 2009 stimulus has been paid out: full payout of tax credits and 26 percent payout of other stimulus spending."

"Emerging G-20 countries have announced somewhat larger stimulus packages for 2009, on average, than advanced G-20 countries. This reflects smaller automatic stabilizers and consequently greater need, as well as substantial fiscal space in key emerging market countries. China, Russia, Saudi Arabia, and South Africa have introduced large packages. Emerging market discretionary measures are also more heavily weighted to infrastructure investment and less focused on income tax cuts."

"In the United States, stimulus spending is picking up, with US$64 billion paid out through mid July, 35 percent of the amount available. The amount of stimulus has roughly doubled each month since February. The pace of social security spending has been relatively quick, while expenditures in energy and transportation have been slower (just 1 percent of planned infrastructure spending has taken place).6 Together with over US$50 billion worth of tax breaks provided, 41 percent of the expected annual U.S. stimulus (US$283 billion) has been paid out, or 0.8 percent of GDP. In Canada, 81 percent of the planned stimulus for 2009 has been committed (available to spend).7 In France, 60 percent of planned 2009 stimulus has been paid out—full payout of tax credits and 26 percent payout of expenditures."

(emphasis added)

Read more: http://www.reuters.com/article/marketsNews/idUSL173436320090902?pageNumber=1&virtualBrandChannel=10522

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The full study that the article describes is at:

http://www.imf.org/external/pubs/ft/spn/2009/spn0921.pdf

Only the US, Canada and France have websites that specifically describe and monitor their economic stimulus plans.