Turnbull hails budget deal

Malcolm Turnbull says his government can deliver on its economic and budget plans by working with Labor.

The federal opposition has sealed a deal with the coalition to pass a bill to make $6.3 billion in budget savings.

"This demonstrates that we are delivering on our economic plan, we are delivering on our commitment to bring the budget back into balance and that with good will and good faith, working across the aisle, we can deliver results in this parliament," Mr Turnbull told reporters in Canberra on Tuesday.

Mr Turnbull said the cabinet and coalition party room had approved all of the measures which came out of the negotiations with Labor.

Treasurer Scott Morrison said there had been some "give-and-take".

"But it's important to note that 20 of the 24 measures that were contained in the omnibus bill that I introduced into the parliament last time we were here have been supported unamended in what we've agreed to today," Mr Morrison said.

He said the government would be pursuing further savings.

"The pressure continues to be placed on the opposition - $6.3 billion is welcome but that is not the full task."