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The phrase "existing level of" is correct and usable in written English.
For example, you could use it in a sentence such as: "The new policy is expected to result in an increase of 10% over the existing level of funding."
Exact(58)
This will protect the existing level of allowance pensioners have, while introducing a single personal allowance for all.
In other main developments: The licence fee will be increased in line with inflation for five years from 2017 from its existing level of £145.50.
At La Guardia, the airlines added about 200 landings and takeoffs to the existing level of 1,000, and delays became extensive, causing a ripple effect nationwide.
The government is not only struggling to keep the existing level of NHS provision financially viable, it is also failing to attract enough staff into the right areas.
Because the bank is committed to maintain the existing level of QE, it is set to recycle the windfall as more conventional QE.
"There is a danger that the new laws on extremism alienates non-violent Muslims because of the existing level of mistrust and feeling of stigmatisation.
And yet, 51 percent of respondents said the existing level of nuclear power should be retained, while 5 percent said it should increase.
They did find a significant correlation with the existing level of inequality: "areas with a smaller middle class had lower rates of upward mobility".
With lack of clients an increasing barrier to enterprise development, there is much to be gained from more effectively exploiting the existing level of demand through such collective structures.
Similar(2)
The next two panels investigate whether the effect of immigrants on productivity depends on the firm's level of technological intensity, and on the pre-existing level of skills at the industry level15.
Stretching the matrix upon which cells adhere perturbs the cell-matrix traction forces and cells respond by actively re-establishing the pre-existing level of force [1], [2].
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com