But Treasurer Tim Nicholls has admitted he didn't expect it to be popular and made no apologies for the lack of sweeteners in it, while unveiling the details on Tuesday afternoon.
"It is not a budget of big headlines or irresponsible spending sprees," he told parliament.
"It is a budget that is right for the times."
It is also a budget accompanied by a separate draft plan detailing the desire to sell or lease $33.6 billion in public assets after the next election.
Three-quarters of those sales will go towards reducing the state's $80 billion debt.
The other 25 per cent, or $8.6 billion, will be spent over six years to pay for infrastructure projects such as hospitals, roads and public transport.
While there were no big ticket items in the budget, Mr Nicholls said there were also no new taxes or cuts to services because of previous cost cuts and better management of services.
But he said the government was blindsided by the federal government's decision to axe a national partnership agreement that helped fund concessions for pensioners and seniors.
It left a $223.2 million funding black hole over four years that he said the state could not fill.
The impacts would be felt on public transport, rates and electricity from October 1, Mr Nicholls said.
"The concessions will still be quite substantial - they just won't be as high as they would otherwise have been," he said.
Both health and education have scored state funding increases of six and seven per cent respectively, but will also be affected by federal budget cuts.
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