From Matt Cover at CNS News:
Less than one-quarter -- 23 percent -- of the $787-billion stimulus package that President Obama signed Tuesday will be spent in fiscal year 2009, according to an analysis by the Congressional Budget Office (CBO).
The fiscal year runs through the end of September, with fiscal 2010 beginning on Oct. 1, 2009. Many of the programs in bill signed on Tuesday will not take full effect for years, the CBO report finds, with some only entering into force beyond fiscal 2010, a time when many economists predict the recession will have ended.
Of the $787 billion total, $184.9 billion will be spent in the remaining months of fiscal year 2009, $399.4 billion will be spent in FY 2010, $134.4 billion in FY 2011, $36.1 billion in FY 2012, $27.6 billion in FY 2013, $22.4 billion in FY 2014, and $4.7 billion in FY 2015. After 2015, the tax cut provisions of the bill are projected to increase government revenue by a few billion each year until 2019.