Budget a balancing exercise: Turnbull

Prime Minister Malcolm Turnbull says the budget must be brought back into balance, so it won't be to everyone's satisfaction.

Prime Minister Malcolm Turnbull says the budget will focus on balance and won't please everyone. (AAP)

Malcolm Turnbull has warned the May 3 budget won't please everyone as it focuses on supporting enterprise, investment and jobs.

"We've got to get the budget back into balance," the prime minister told a small business roadshow in his own electorate of Wentworth on Friday in answer to a question about the high rate company tax when compared to the UK.

"So it won't be to everybody's satisfaction, naturally, because it's a balancing exercise."