The right budget for the times: Hockey

Parliament is often referred to as the theatre of politics but two of its main players have come up a bit short on acting skills.

During an awkward picture opportunity, Prime Minister Tony Abbott and Treasurer Joe Hockey hammed it up for the cameras on Tuesday as they "discussed" next week's budget.

Surrounded by files and a laptop in the prime minister's Parliament House office, Mr Hockey, with sleeves rolled up, gave an outline of the budget to his boss.

The banter was pretty staid.

"We have still got work to do, obviously," Mr Hockey said after explaining the impact of China on the Australian economy and referencing the latest intergenerational report.

Mr Abbott nodded appreciatively.

"I think we are building on a good foundation, Joe," he said.

The prime minister conceded last year's budget had its difficulties but insisted it had given the government foundations to build on this year.

"I am very happy we will have a credible path back towards surplus. In the end we have got to live within our means," Mr Abbott said.

Mr Hockey said the budget still needed the latest economic data before it goes to the printers this weekend.

"It's the right budget for the right times and I'm glad that we have got most of it nailed down," Mr Hockey said.

Mr Abbott had the last word: "You've done a terrific job, mate."

Hollywood won't be calling anytime soon.