Yesterday Prime Minister Julia Gillard announced the new government would spend $10 billion on health, education and infrastructure in regional Australia.

Ms King said she expected the minority government to run smoothly following protracted negotiations with independent and Greens MPs.

``I know both (independents) Tony Windsor and Rob Oakeshott well. I think the process they've gone through has been a very thorough and very transparent one,'' she said.

When asked if she hoped to secure a portfolio in government, Ms King said she would ``leave that for others to speculate about''.

Federal Greens candidate Belinda Coates described the minority government as a ``great outcome''.

e``It's great for genuine democracy, it's a pretty exciting time.''

Ballarat University vice chancellor David Battersby welcomed news of the minority Labor government and the renewed focus on regional education.

``The voice of regional Australia has spoken and that's a great delight to me,'' he said.

However, Professor Battersby stressed it would take some time for the government's specific commitments to regional universities to emerge.

Ballarat Health Services chief executive officer Andrew Rowe declined to comment about the formation of the new government.