Treasurer Curtis Pitt said there were still "opportunities between now and next week, frankly, for the Turnbull government to have a very close look at what they can do".

The $5.4 billion rail project missed out on specific funding in the federal budget, handed down in May.

The Queensland budget was due to be released in one week.

Speaking to the Queensland Media Club on Tuesday, Mr Pitt said the Queensland government would be "dogging them every day, quite frankly".

"We'll be having a very close look at what's possible," he said.

"We will make a call next Tuesday as to what is going to happen."

Deputy Premier Jackie Trad was due to head to Sydney this week to talk with her federal counterparts and Premier Annastacia Palaszczuk would be at COAG on Friday.

The Queensland government had stated previously it could not complete the Cross River Rail project alone.

Mr Pitt also confirmed the budget would take a $1.1 billion hit to the bottom line as a result of damage from Cyclone Debbie.

The number is revised from earlier estimates of in the "billions", which were based on Tropical Cyclone Oswald.

"It's going to be a very, very large item in the budget," he said.

"You're not just talking about rebuilding bridges, rail bridges. You're talking about rebuilding communities."

Addressing the audience on Queensland jobs, Mr Pitt described the state's trend unemployment rate of 6.4 per cent as "stubborn".

He also took aim at youth unemployment in the regions and said the challenge was to share growth around the state.

Mr Pitt said job creation was the single most important issue for anyone, wherever they lived in Queensland.

"What you should expect to see [in the budget] are projects which will create direct jobs, ones that will again give local communities the confidence that investments are happening in their region, which will then spur on more investment and more opportunities for job creation," he said.

"We really believe that this is an important budget and I'm not saying that because it's the last budget before the election."

There have been several statements from Mr Pitt and Ms Palaszczuk that the next budget would be a "jobs budget" - and Main Roads Minister Mark Bailey described it as a "jobs bonanza budget".

But Mr Pitt would not be drawn on a target for the unemployment rate.

"Full employment is about 5 per cent - we're quite a way off that but we believe that we're on the right pathway."

The former LNP government set an ambitious target of a 4 per cent rate over six years, but former treasurer Tim Nicholls later described it as a "stretch target", and said there were factors beyond Queensland's control in the international market.