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The phrase "under the existing stimulus" is correct and usable in written English.
It can be used in contexts discussing conditions or factors that are currently influencing a situation or behavior. Example: "Under the existing stimulus, we have observed a significant increase in productivity among the team."
Exact(1)
Much of the spending under the existing stimulus packages has focused on creating work and general economic demand.
Similar(54)
When Congress passed the existing stimulus package, gasoline was around $3 a gallon.
Moreover, a different expression for the existing stimulus counteraction feedback loop was postulated.
However, there remain difficult questions under the existing evidence.
Under the existing rules, she was held for a hearing.
They are protected under the existing £12bn annual budget.
Prosecutions under the existing law are already rare.
And that the "maintenance was allowable under the existing presidential permit".
The bill also would take steps to improve housing development under the existing Grant and Per Diem Program.
More detailed provisions under the existing legislation are under discussion.
Most 'other' responses were recoded under the existing answer categories.
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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