It's definitely a safe, politically smart budget. Reining in wasteful department spending to protect health and education is great, but it's just another 'keeping the lights on' budget. Simply matching inflation for frontline services doesn't fix a stagnant economy and leaning heavily on regulatory reform to save us by 2050 is a slow burning fuse when there are immediate infrastructure and productivity crises right now.
I am surprised you are happy with it as there is no headroom for high value innovation leading to more long term stagnation and no wins for productivity. It's probably a smart election year budget but means nothing for the future of the country.