adevarul.ro/economie/cum-castiga-statul-din-inflat

Inflation affects public finances by increasing tax revenues, reducing the real value of public spending, and diminishing the burden of debt in lei. While the state benefits from higher nominal revenues, citizens face a decline in purchasing power as wages do not keep pace with rising prices. In 2026, despite a nominal increase in the minimum wage, inflation outpaced this growth, leading to a real decrease in purchasing power. The government benefits from increased VAT and income tax revenues without raising tax rates, while stagnant public salaries and pensions erode real spending power. This indirect adjustment impacts household consumption and can lead to reduced future tax revenues. Inflation also decreases the real value of public debt, benefiting the state but harming savers whose money loses value against inflation.