More cost-of-living relief on the cards

Jim Chalmers says if the government can afford more cost-of-living relief, it'll be considered. (Jono Searle/AAP PHOTOS) (AAP)

The federal treasurer has not ruled out more cost-of-living relief in the budget if the government can afford it.

Setting the scene for his second budget to be delivered on May 9, Treasurer Jim Chalmers said the slowing global economy and higher interest rates would weigh on Australia's growth prospects.