Palace sees fewer poor Filipinos this year

Manila Times - - News - RALPH ED­WIN U. VILLANUEVA

MALA­CAÑANG sees a de­cline in the num­ber of poor Filipinos as the gov­ern­ment con­tin­ues to ad­dress in­fla­tion in the coun­try.

“With the Pres­i­dent’s tire­less ef­forts in ad­dress­ing and tam­ing the in­fla­tion­ary ef­fects of the prices of ba­sic goods and com­modi­ties, we re­main op­ti­mistic that many Filipino fam­i­lies would con­tinue to feel more com­fort this year,” Palace spokesman Sal­vador Panelo said on Sun­day.

The So­cial Weather Sta­tions ( SWS) found that in De­cem­ber 2018, only 50 per­cent of Filipinos con­sid­ered them­selves poor, lower than Septem­ber’s 52 per­cent.

Panelo said the sur­vey re­sult could be tied with the re­cent drop of in­fla­tion at 5.1 per­cent for De­cem­ber, the low­est since June last year.

The Palace spokesman cited the fore­cast of the Bangko Sen­tral ng Pilip­inas that in­fla­tion this year is ex­pected to de­cel­er­ate below four per­cent.

“Even as we ac­knowl­edge such pos­i­tive de­vel­op­ment, we note how­ever that the poverty among Filipinos is still high. In ad­dress­ing it, we must, as ar­tic­u­lated by Sec­re­tary [Ernesto] Per­nia of NEDA, sus­tain high eco­nomic growth that cre­ates many jobs and re­duce prices and in­fla­tion,” he said, re­fer­ring to the Na­tional Eco­nomic and De­vel­op­ment Au­thor­ity.

Panelo added that the gov­ern­ment’s eco­nomic man­agers are pur­su­ing poli­cies and pro­grams, not only to re­duce poverty, but to put the coun­try in the same rank as other pro­gres­sive Asian coun­tries.

“Our eco­nomic man­agers are vig­or­ously pur­su­ing poli­cies and pro­grams geared to­wards re­duc­ing the poverty level and pro­pel­ling the coun­try’s eco­nomic de­vel­op­ment to a de­gree sat­is­fac­tory to the ad­min­is­tra­tion’s goal of not only giv­ing our coun­try­men com­fort­able lives but putting our coun­try at par with our fast de­vel­op­ing in­dus­tri­al­ized Asian neigh­bors,” he said.

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