The government has not ruled out bringing forward the second tranche of its income tax cuts in order to boost consumer spending.
The first stage of the income tax cuts has already been handed out, with millions eligible for a tax cut of up to $1,080.
Australian Council of Social Services CEO Cassandra Goldie told Sky News bringing forward the second tranche of the tax cuts will cost $16 billion.
She said the economy would benefit more from investing in social services.
“Let’s make sure the dollars the govt invests is guaranteed to either protect people’s incomes who need or protect jobs not 16 billion to people who already have jobs, on higher incomes, most of those dollars would be going to the top ten per cent of income earners.”