A former First Deputy Governor has revealed that economic growth experienced between the mid-2000s and the 2022 debt crisis was largely driven by surges in election-related government spending. Despite these spending booms, the growth was ultimately unbalanced and unsustainable, repeatedly culminating in significant fiscal and debt crises. Surprisingly, this increased expenditure did not consistently translate into electoral success for the governments implementing it. Analysis of electoral outcomes reveals a limited correlation between increased spending and winning elections. This suggests that the funds were not effectively targeting voter needs or were offset by other influencing factors. The findings highlight potential inefficiencies in the relationship between government spending, economic performance, and political results, raising questions about the sustainability of such practices. This pattern demonstrates a concerning cycle of spending, brief growth, and subsequent crisis.