The Queensland Budget was also a mixed bag, so it will be interesting to see how businesses and residents react in the coming weeks.
On the upside, for jobs, consulting opportunities and the economy going forward $200 million has been earmarked for upgraded ICT in the health department and almost $6 billion on infrastructure investment in transport and rural and regional infrastructure. The State is also forecasting economic growth of 3% in 2014-15, which would be the strongest in the nation.
There have been mixed responses regarding the government plans to raise $33 billion through asset sales, including ports, pipelines and electricity generators. This means opportunities in restructuring the assets and preparing them for sale, and with investment consortia looking to invest. Of course, any program of asset sales creates concern for jobs and service costs as well, and industry reaction has been mixed.
And on the downside, following the federal government's lead, there will be cuts to seniors and pensioner concessions for utilities and services.
More information will be available as commentators have a chance to digest all the details, but here are some good overview articles explaining the budget measures, winners and losers: