With rising tax revenues and the burden of debt gone after the default a decade ago, the government went on a spending spree: real public expenditure grew at double-digit rates most years since 2002. At the same time, the central bank kept interest rates low, so that the inflation-adjusted cost of loans is zero or negative.
随着税收增加以及十年前违约之后卸掉了债务负担，政府开始了一场消费的狂欢：2002年后大部分时期实际公共支出都以两位数的速度增长。与此同时中央银行则维持低利率，因此贷款成本在考虑通胀因素后基本保持在零或是负数水平。