It's what authoritarian populists do when they get control of governments. They "hack" the economy with short-term stimulus and giveaways to keep the rubes content and happy while they dismantle civil society and the rule of law and entrench themselves.

Economic stagnation and decline usually follow within a couple year, but if they've entrenched themselves well enough, they don't have to care about public opinion very much and can shift to repression.