Members of the Australian Council of Trade Unions call on the federal government to provide a cautious budget with reasonable tax cuts and extra funds for education, health, and skills.

ACTU president Sharan Burrow addressed media on Tuesday that the Greek sovereign debt crisis and the global financial crisis show that Australia should be more restraint.

“Working families are not looking for a spend-a-thon or the wasteful handouts the Liberals used to squander the last resources boom,” Ms. Burrow said in a statement.

Ms. Burrow appealed to the government the need for family tax cuts and extra budget on health, education, skills, and infrastructure to strengthen Australia's recovery from the global economic crisis and make future investments at the same time.

Also as an outgoing president in the union, she hopes for an extension of worker's rights and higher superannuation contributions.

“We expect Treasurer Wayne Swan to keep a steady hand on the steering wheel, while continuing to deliver on jobs, economic growth and the social wage for working Australians and their families,” she said.

Federal Treasury Wayne Swan will release the third budget meeting on Tuesday night, stating a “no frills, tradesman-like” package that corresponds to strict fiscal rules.

Meanwhile, the Business Council of Australia expected that a release of the budget makes an earlier return to surplus, however, it should not be based on volatile taxes like the 40 per cent super profits tax on miners.

Last year, the Treasury delivered a record $57.6 billion deficit as stimulus were introduced to fight the effects of the global financial crisis.

Several economists predicted the budget deficit will stay until 2015/16 while some assumed the budget will return to surplus soon.