The Australian government has announced a $10 billion package over four years to ease the financial burden of its citizens due to rising living costs. The relief plan, announced as part of the country annual budget, aims to provide financial assistance to families and businesses without stoking inflation, which is still at a near 30-year high of 7 percent despite a slight decline in the first quarter.

Australia's budget to provide $10 billion financial package amid record-high inflation

To help its citizens deal with rising cost of living, the Australian government said it would include a 10 billion dollar package over four years in the federal budget. The package is aimed at giving families and businesses relief while not stoking inflation.

Australia's Budget 2023: Will budget bring relief to people?

Australia's embattled conservative minority government is expected to splash the cash in the annual budget announcement Tuesday, in a bid to woo voters ahead of tough national elections.

Struggling Australia government opens wallet to woo voters