The 2008 budget is balanced and the 2.8% predicted growth is a feasible target, he added. Veres expects the public to experience the positive changes brought about by the ongoing reforms with real wages finally rising after the decline in 2007. The minister explained the more favorable deficit in 2007 with higher than expected corporate tax payments and personal income tax revenues. Meanwhile, he admitted that the local governments will face continuing financial difficulties. In a statement András Cser-Palkovics, deputy spokesman of the largest opposition party Fidesz, considered the finance minister’s assessment hard to believe citing the Veres’ alleged involvement in corruption and the 1% economic growth during his term. (Gazdasági Rádió)
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