Big business is pushing the Morrison government to kickstart the slow economy through an urgent investment tax break, cutting red tape for infrastructure projects and longer term structural reforms to the tax system, in order to spark a private-sector led economic recovery.

The Business Council of Australia's federal budget submission to the Treasurer backs the Morrison government's budget surplus goal and rejects growing calls for "short-term stimulus" that it argues would add to the government's $19 billion annual interest bill.