The central bank has cut the official cash rate three times in recent months to a record low 0.75 per cent and economists believes it could drop even further in the face of slow economic growth.

Mr Frydenberg said the Reserve Bank has been very conscious of what other central banks are doing in cutting their rates.

"They don't want to see the Australian dollar appreciate because, if it does, that will affect jobs," Mr Frydenberg explained when interviewed on the ABC insiders program on Sunday.

He dismissed a suggestion that last week's announcement the government was bringing forward $3.8 billion of infrastructure spending was an admission the economy had stalled.

"The economy continues to grow," he said.

"We believe that investment in infrastructure is a pathway to higher growth and more jobs and to boosting the productive capacity of our country."

He said there is a need to build resilience in the economy to face domestic and global economic headwinds that all countries are facing.

He said there is no doubt that households have decided to pay down their debts as a result of interest rate cuts and personal tax cuts.

"But it's not for me to tell the Australian people how to spend their money," he said.

Opposition Leader Anthony Albanese spoke to retailers and shoppers about their concerns while visiting South Melbourne Markets on Sunday morning.

"Ever since the May election, the current government have been complacent," he later told reporters.

"We only have two weeks of parliament left and the test for the coalition is whether... they just talk about Labor, or whether they actually present a plan going forward for the nation."

The treasurer and other ministers have previously not ruled out bringing forward already legislated personal income tax cuts.

"We'll continue to consider our policies, both at MYEFO and in terms of the budget, but what we have focused on is implementing the tax cuts as legislated," he said.

The mid-year economic and fiscal outlook (MYEFO) - or mid-year budget review to give its informal name - is due in mid-December and after the national accounts for the September quarter on December 4.

The national accounts for the June quarter showed growth had slowed to an annual rate of just 1.4 per cent, the slowest pace since the global financial crisis a decade ago.

This week's latest economic outlook from the Organisation for Economic Cooperation and Development forecast for Australia only a modest improvement to 1.7 per cent for the full 2019 year and 2.3 per cent in 2020, still below the long-term trend rate of 2.8 per cent.

Australian Associated Press