By Jason Farrell, Political Correspondent
Targeting tax avoiders and high value properties are among the measures set to be announced by the Lib Dems later as they aim to distance themselves from their coalition partner's Budget.
The Chief Secretary to the Treasury, Danny Alexander, will use an unprecedented alternative fiscal statement in the Commons to say that deficit reduction needs to happen more fairly than proposed by the Chancellor.
Mr Alexander told Sky News: "Obviously we are trying to deal with the deficit in the short term but I think there needs to be a very different path once we have balanced the books. We should be allowing public expenditure to grow as the economy grows.
"We should be using tax measures to deal with the deficit, which also means there is a lot more money to invest in public services and infrastructure."
He went on: "A big part of our strategy is to say that it is completely wrong to balance the books solely on the backs of the working poor and on departmental spending cuts.
"I've been clear I want to see measures like extra taxes on high value properties, measures on tax avoidance and measures that ensure the banks make an additional contribution."
George Osborne's no-gimmicks, no-frills Budget has set the dividing lines between the parties ahead of May's election.
He claimed Britain was "walking tall again" after five years of austerity.
But Labour politicians highlight a section of the Office for Budget Responsibility (OBR) report which says the Conservatives' cuts leave "a rollercoaster profile of implied public services spending through the next parliament".
The OBR report projects a "much sharper squeeze" on spending in 2016-17 and 2017-18, which would be followed by a sharp increase in 2019-20.
Shadow Business Secretary Chuka Umunna said: "I'm not sure that I would want my public services to be on a roller coaster, I would want to have decent provision for my constituents and all across the country."
Mathew Hancock, the Conservative Business Enterprise and Energy Minister, responded to the criticism.
He said: "We have a plan to deliver and anyone who wants to spend more money or go more slowly will see the debt rising as a proportion of GDP, and that is exactly the sort of mistake that got us into this mess in the first place."
Mr Osborne's Budget did have some sweeteners for first time buyers and savers, including the first £1,000 of savings being tax free for a basic rate tax payer.
He also announced a help-to-buy ISA under which first-time buyers saving for a deposit will receive a 25p top-up from the Government for every pound they put aside up to a maximum of £3,000, on top of savings of £12,000.
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