Luanda - The non-oil sector of the angolan economy may grow 10,5 per cent as provided in the national plan 2010/2011, approved tuesday by the parliament, the minister of the economy, Manuel Nunes Junior, said.

According to the minister, 2010 will be the year of the recovery of the more vigorous grow of the angolan economy, with the non-oil sector taking the burden of 58 per cent of the Gross Domestic Product (GDP) against the 42 per cent of the oil sector, meaning a major structural change of the angolan economy.

The country is taking firm steps to improve people's living standards and well-being, the minister said stating that the expected growth of the non-oil sector  will contribute for the sustainable increase of jobs.

 
Endorsing president Jose Eduardo dos Santos's statements made saturday at the ruling MPLA party central committee meeting, on the stead price rise, the minister stressed the need to distinguish the nominal from the real wage.

Salary increase may be real with the significant growth of the non-oil sector, job increase, increment of production and when everyone gets a living wage.     

According to the minister programs of construction and rehabilitation of social and productive infra-structures will follow in 2010 and this year was to designe the construction program of  a million houses to be implemented full swing from 2010.

He added the program "water for all" will secure drinkable water for 80 per cent of the rural population by 2012, while the prepairings to host the African Nations Cup Orange-Angola 2010 continue sucessfully.

Despite the adverse environment of the current year, the main goals of the government did not fail to be implemented and the country will remain stable in terms of macro-economic, he said while considering 2009, a year of  "very special features", marked by an adverse international environment, following the economic and financial crisis that shook all the world economies, with repercussions in the national economic system, ultimately forcing a revision of the national plan and the state budget mid-year.  

He stated that the government's main goals, mainly the maintenance of economic stability and decelerated growth of the country's economy have been achieved even within a difficult environment. 

Angola has taken steps that allowed to address, adequately, the crisis that occurred mainly in the first quarter with the sharp fall in oil and diamond revenues.

The oil price has fallen from about 180 to near 30usdollars a barrel, causing shortages of foreign currency and consequent devaluation of the national currency, due to attempts by people in converting their assets in foreign currency, he acknowledged.

He stated that appropriate measures were taken when possible to stabilize the country's reserves, to prevent its fall to a unsustainable level, and that the resulting uncontrolled devaluation of national currency and rising prices have resulted in social unrest.

Currently the foreign exchange market is experiencing a moment of convergence between official and paralell markets, the discrepancy in September had reached 30 per cent compared to the current 7.5 per cent, he said.

He explained that since 2006 it was noted a marked growth in the ono-oil sector, which  he considered as a positive indicator for employing a greater number of people and more contributing to improve people's living conditions.