Budget review just an update: Treasurer

Treasurer Scott Morrison has downplayed expectations of his first mid-year budget review.

"MYEFO is a budget update, that's all it is, that's what it has always been, I have no ambitions for it to be more than that," Mr Morrison told Sky News on Sunday.

He has put more emphasis on the government's response to the Harper review into competition law and a proposed innovation statement than the mid-year economic and fiscal outlook.