Philippines’ poverty decreasing
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