Morrison sticking to surplus promise

Scott Morrison isn't about to loosen the budget purse strings in the face of the slowest economic growth in a decade, when the economy was in the grips of the global financial crisis.

The prime minister has told a NSW Liberals State Council meeting in Sydney his government must live within its means and keep to the surplus it promised in the April budget.

"We are only in our first surplus year and Labor is already wanting to spend it all in an afternoon, flailing their hands about like they did last time when Australia went into difficult times," he told the party faithful in his home state on Saturday.