Queensland Treasurer Andrew Fraser says the federal budget's allocations to the flood and cyclone reconstruction effort and training mining workers will help the sunshine state get back on track.
Queensland will receive $4.7 billion towards projects to rebuild infrastructure such as roads, bridges and public buildings, federal Treasurer Wayne Swan announced on Tuesday night.
Mr Fraser told AAP the state was set to receive $2 billion in advance payments.
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"In Queensland we have huge challenges ahead with our recovery from natural disasters," he said.
"We look forward to seeing those funds being committed not only this year but into the future because that has to be the number one priority for the state of Queensland."
The reconstruction money includes $206 million to local governments to restore utilities and transport infrastructure and pay for the labour needed to rebuild.
More than $950 million will go to areas of far north Queensland hit by Cyclone Yasi.
Mr Fraser praised the budget's focus on training new workers for Australia's mining boom, saying it will help boost Queensland's economy after it took a massive hit during the summer of disasters.
"This is a budget that puts skills front and centre," Mr Fraser said.
Mr Fraser said the budget provided dollars towards the Bruce Highway in far north Queensland and the Moreton Bay Rail Link, important projects for Queensland.
There was also $434 million for six Queensland road projects including the Townsville Ring Road, Gladstone Port Access Road and a Mackay Ring Road study, he said.
"I'm also pleased to see that most of the regional infrastructure projects have been allocated funds," he said.
But Opposition Leader Campbell Newman said Queensland was a budget loser.
"It might be great to have on paper the federal treasurer and the federal president of the Labor Party (Premier Anna Bligh) coming from Queensland, but we've seen more generosity from the government of the United Arab Emirates this week," he told AAP, referring to the UAE's donation of $30 million for cyclone shelters.
"We're not getting what this state needs on a number of fronts, (particularly) infrastructure," he told AAP.
"I don't think there's any positives at all in this budget.
"This state has a huge growth pressure and an infrastructure deficit and needs substantial investments in national highways ... (and) ports."
Mr Newman said he was disappointed money had not been allocated to reducing traffic congestion in southeast Queensland.
