Duterte aims to cut poverty by 30 per cent

7 Days in Dubai - - GLOBAL NEWS -

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.


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