A variant of this practice is the policy loans that are encouraged by political authorities who, for whatever reason, are unwilling to make direct budgetary provision for expenditures. The core principles make it clear that credit decisions by banks should be made purely on economic grounds.
My time doing dissertation research in Russia in the mid-1990s taught me just how disruptive and painful an extremely high-inflation environment can be. Reports over the past few months have shown high inflation to be stubbornly persistent, while the labor market has remained strong.