Luanda - The drafting of the State Budget (OGE) for 2011 will target a one-digit inflation, lower to 9 per cent.

This was said on Friday, in Luanda, during a press conference given by the State Minister and Head of the Civil House of the Presidency of the Republic, Carlos Maria Feijó.

The meeting was aimed at assessing the 200 days of functioning of the government, which was appointed after the promulgation of the Angolan Constitution on 5 February 2010.

According to him, it is also expected that the State Budget for 2011 grow to 8.3% if compared to 6.7% in the current revised budget.

The official said that the revised state budget, which has recently been reviewed by the National Assembly, was already drafted with the support of the consultancy company that is trying to bring together the economic and financial reality to the real country in terms of revenues and expenses.

The State Minister considered the strategy as an example of efficiency in the process of drafting the State Budget and an effort to reorganise public finances.

Carlos Feijó said that a Technical Unit for the Management of Public Debt, both internal and external one, was established in order to monitor the Angolan debt.

The meeting was also attended by the State Minister and Head of the Military Office of the Presidency of Republic, Helder Vieira Dias, and the State Minister for Economic Coordination, Manuel Nunes Junior, the incumbent Minister of Finance, Carlos Alberto Lopes, and Governor of the Angolan National Reserve Bank (BNA), Abraão Gourgel.