You are seeing the cycle for what it is. Every new government promises to help the middle class, but it is always by borrowing more money that future generations will have to pay back, usually with higher taxes or fewer opportunities. They are handing out short-term relief, while sending the bill to our kids
Why wait until the kids? We will be facing consequences soon sucgh as higher prices on every good we consume in the next year itself and it's pretty much the same with every country so yeah governments are trying to give out some relief it just bites us back immediately with interest rate changes, high prices on goods and services. What government does is give tax relaxation for rich and they get away with almost pay nothing in the taxes while average middle class who get salary has to pay for everything that's not avoidable on most cases.