Queensland Treasurer Tim Nicholls says the federal budget has made it harder to raise taxes and reduce services to pay down state debt.

Queensland’s treasurer has hinted that federal government budget cuts have made state asset sales more likely.

Tim Nicholls says cabinet will have to sign off on the final plan next Monday, before the state budget is handed down the following day.

The government wants to sell or lease $30 billion worth of assets, increase taxes or reduce services to help pay down $80 billion worth of state debt.

“More cuts on cuts, more taxes on taxes has made it more difficult for the government in terms of dealing with that $80 billion worth of debt and obviously that weighs on our decision making process,” Mr Nicholls said.

“The federal government’s decision has made those choices tougher for us in terms of looking at tax increases and cuts to services.”

Mr Nicholls said a public share offering could be considered for any asset sold.

Premiers are revolting against $80 billion in federal budget cuts to health and education over the next decade, and a $7 doctor co-payment.

Mr Nicholls wouldn’t say if any money raised from potential asset sales would help make up the shortfall.

Deputy Opposition Leader Tim Mulherin has questioned how much money reaped from asset sales will be used to pay down debt, as originally planned.

He also attacked the LNP for keeping up the charade over whether or not they’re selling assets.

“No matter how much fake consulting the treasurer has done will stop the fact that he made up his mind up in 2012,” Mr Mulherin said.