PM flags good news budget for families

Prime Minister Tony Abbott has promised good news for families and small business in the May budget.

Mr Abbott says his government's second term should be better received than its first.

"The assurance that I give you is that we aren't going to tackle our budget problems at the expense of families' budget problems," he told the Seven Network.

He said the discipline of his government's first budget meant families and small business could expect good things from the second.

"The measures that have passed the Senate mean that Labor's debt and deficit has already been halved," Mr Abbott said.

"Thanks to last year's budget, there will be good news for families and there will be good news for small business in this year's budget."