Finance Minister Mathias Cormann says he is working with new Treasurer Scott Morrison to deliver the mid-year budget review in December.
Mr Morrison said in his first media conference since becoming treasurer that Australia has a spending problem, not a revenue problem.
"Growing the economy, achieving the savings, are the key tasks associated with the budget repair job, and that job will take as long as it takes and it will get the result that is necessary," Mr Morrison said.
There was no change to the tax white paper process "at all", Mr Morrison said, denying reports it had been suspended by Prime Minister Malcolm Turnbull.
"It is proceeding as we intended it to proceed, and the timetables around those issues have always been, I think, very broad and not fixed," Mr Morrison said.
He said tax reform was a critical part of the government's plans to provide real opportunities for Australians who wanted to work, save, and invest.
The response to the financial systems' inquiry is very close to completion and will be soon considered by cabinet, he said.
There needed to be further discussion on the response to the Harper review and its competition reforms.
Mr Morrison said he wouldn't be attending as many international meetings, like the G20, as his predecessor Joe Hockey in the short term, instead he would leave that to Senator Cormann and Assistant Treasurer Kelly O'Dwyer.
"My job as treasurer now, I think is to very much be a home treasurer, a domestic treasurer, one very much focused on the challenges in front of us," Mr Morrison said.
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