Clive Palmer should respect the government's mandate and pass the budget, the Prime Minister Tony Abbott said on Wednesday, rejecting the crossbencher's call for a double dissolution election.

Mr Palmer says the budget has "failed" and wants a fresh election but Mr Abbott says he will continue to sit down "respectfully" with the crossbenchers and continue to argue the government's position.

"We will sit down with the crossbenchers and we will respectfully talk to them but what they have to accept is that we have a debt and deficit disaster . . . and we cannot continue spending money that we just don't have," the Prime Minister told Fairfax Radio 3AW.