As federal government debt heads towards $1 trillion, the finance minister says growing the economy and low interest rates will enable it to be serviced.

This target was set before undertaking budget repair after the government's big-spending support programs.

Treasurer tells business conference government will address ‘some very important workforce needs across the economy’

Treasurer Josh Frydenberg says next month's budget will aim to drive the unemployment rate below five per cent.

The May 11 budget will include a $1.7 billion childcare package primarily aimed at low and middle income families.

A record iron ore shipments in March contributed nearly 40 percent of exports in the month.