A little more than week ahead of handing down his 2022 budget, Australian Treasurer Josh Frydenberg said the federal government would provide “targeted” cost-of-living relief for Australians while working towards stabilising and reducing debt. “In the budget … there will be further measures to support families to meet the cost of living pressures, in a targeted and proportionate way,” Frydenberg wrote in an op-ed for News Corp’s The Australian on March 17. “In the second phase of our fiscal strategy, we will target a budget position that allows us to stabilise and then reduce debt as a share of the economy. This year’s budget will confirm that this is the trajectory we are now on. “It will show a substantial improvement to the budget bottom line—the product of more Australians in work and fewer Australians on welfare,” he said. The budget, which will be delivered in the lead up to this year’s …