Cost of living relief to feature in budget

Treasurer Josh Frydenberg says the federal budget will deliver 'targeted' cost-of-living relief. (AAP)

Targeted and proportionate relief for families from the rising cost of petrol and groceries will be offered in the federal budget.

While Treasurer Josh Frydenberg said more money would be out in people's pockets, he warned the government could no longer afford the support levels it provided during the height of the pandemic.