Australia's are expected to get more cash in hand following some substantial tax cuts

Australian treasurer Josh Frydenberg is due to announce Australia's federal budget for 2020 in a few hours, setting out how federal revenues have been hit.

The Australian Government is bringing forward tax cuts, and is moving tax brackets.

HSBC chief economist Paul Bloxham says moving the 32.5 percent tax bracket will benefit many.

He says almost $10-thousand extra will be put in people's hands as a consequence of moving the bracket.