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Budget being released in dribs and drabs

 

Just one day out from the budget and Treasurer Joe Hockey may be left with little to reveal on Tuesday after another significant measure was announced on Sunday.

Further details of the government's families package were announced on Mother's Day - $3.5 billion in childcare reforms to encourage mothers back into the workforce.

Mr Hockey will also be making changes to paid parental leave, which will prevent new parents getting the commonwealth scheme if their employer offers more generous benefits.

But the finer details of Mr Hockey's small business package are yet to be released, and there may be some surprises when he hands down his second budget on Tuesday night.

The small business and families package are the key elements of Tuesday's budget.

Mr Hockey has promised there will be no new taxes in the budget, even though he is expected to deliver huge deficits in the next couple of years at least.

Both Mr Hockey and Finance Minister Mathias Cormann have reiterated that the budget will show a credible path back to surplus, although neither is prepared to put a date on when that might happen.

The government has already set itself up for another battle with the Senate, by declaring it wants savings measures - including cuts to the family benefits scheme - to be passed to fund the childcare reform package.