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The Morrison government has flagged tax cuts and aggressive deregulation as part of a pro-business road to economic recovery.

A focus on stimulating rapid growth on the other side of the coronavirus pandemic is expected to guide October’s federal budget.

Finance Minister Mathias Cormann said the government wanted to encourage businesses to invest and employ workers when the economy reopens.

“We will be presenting our plan based on lower taxes and aggressive deregulation agenda,” he told ABC Radio National on Tuesday.

Senator Cormann refused to say whether wide-scale company tax cuts, which were shelved under the Turnbull government, would be revived.

“We are committed to lower taxes. We’re always committed to lower taxes,” he said.

“We understand that will help us strengthen the economic recovery on the other side.”

Reserve Bank governor Philip Lowe is expected to call for more reform when he gives a speech on Tuesday afternoon.

Senator Cormann said the RBA and the government were on the same page in wanting a pro-growth, pro-business recovery strategy.