Federal Treasurer Wayne Swan will not rule out bringing forward tax cuts to stimulate the economy.

The Federal Government is reportedly under pressure from the International Monetary Fund to bring forward $4.5 billion worth of tax cuts due mid next year.

Mr Swan said all options were on the table.

"I don't get into the daily business of ruling initiatives in or out," he told reporters in Brisbane.

"But I've said repeatedly since the last stimulus package in October and the prime minister has said repeatedly we will take whatever measures are required to support jobs and to strengthen the economy in the face of a slowing world economy."

Mr Swan said the Government would observe the effects of the last stimulus package through the early part of this year.

"I just would also note today the reaffirmation of our credit rating by Standard and Poor's that reaffirms the fundamental resilience of the Australian economy and why our economy security strategy was so important and its timing was so important."

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