As we indicated in the note, the delay in spending ends up being a risk with respect to the government's forecasts, both on the fiscal side and on the economic growth side.
As well, something new that we pointed out in this note in more detail and from a more technical perspective is the idea that it matters when you spend the money. From an economic stimulus perspective, when you spend the money and also the amount of slack in the economy will directly determine or have a direct influence on the amount of stimulus affecting growth and affecting the economy.