Duterte aims to cut poverty by 30 per cent
Incoming President Rodrigo Duterte's economic team is aiming to cut the Philippines’ poverty rate by at least 30 to 35 per cent within his six-year term, focusing on projects to lift the rural poor. Incoming finance secretary Carlos Dominguez told a media briefing of Duterte’s economic team yesterday in southern Davao City that they plan to reduce poverty rate, now afflicting 25.2 per cent or a quarter of 100 million Filipinos, by 1.25 per cent to 1.5 per cent each year until 2022. Benjamin Diokno, the incoming budget secretary, says the government will spend within the first year about one trillion pesos ($21.5 billion) or nearly a third of total government budget, on simultaneous small- and medium-scale public infrastructure projects like farmto-market roads and schools that are easier to do within a year.
TARGETING POVERTY: Duterte