Philip­pines’ poverty de­creas­ing

The Sun (Malaysia) - - SUNBIZ -

MANILA: Poverty in the Philip­pines has de­clined by nearly five per­cent­age points in the last six years, amid im­proved in­comes and higher em­ploy­ment, a gov­ern­ment re­port showed yes­ter­day.

The rate of poverty has dropped from 26.3% in 2009, to 21.6% in 2015, ac­cord­ing to the re­port by the Philip­pine Sta­tis­tics Author­ity.

Ex­treme poverty, where peo­ple live on less than one dol­lar a day, also de­clined to 8.1% in 2015, from 10.9% in 2009, the re­port said.

“The data showed that there are about 1.4 mil­lion fewer poor Filipinos in 2015 than in 2009,” Na­tional Eco­nomic De­vel­op­ment Author­ity deputy di­rec­tor-gen­eral Rose­marie Edil­lon said af­ter the re­port was re­leased.

“This has re­sulted from gen­er­ally low and sta­ble in­fla­tion, im­proved in­comes, and higher em­ploy­ment rates in the pe­riod,” she said.

Edil­lon added that gov­ern­ment’s in­creased bud­get for so­cial de­vel­op­ment pro­grammes helped boost poverty re­duc­tion by aug­ment­ing the in­come of im­pov­er­ished house­holds. – dpa

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