Joe Hockey has told New Zealand that there is no crisis in the Australian economy, nor is it in trouble.

The treasurer also made no mention of the "budget emergency" he and his government referred to when justifying their unpopular budget to Australians.

Joe Hockey: No crisis in Aussie economy Credit:James Alcock/Getty Images

Instead, Mr Hockey reassured Kiwis that their second biggest trading partner is benefiting from 23 years of consecutive economic growth.

"The Australian economy is not in trouble," he told New Zealand political current affairs show The Nation on Saturday.