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Have 9% or “single-digit” poverty rate by 2028

SECTOR: Economy SONA YEAR: 2022 Have 9% or “single-digit” poverty rate by 2028 PROMISE STATUS - DATE: In progress as of 07/17/2023 Data from the Philippine Statistics Authority (PSA) in 2021 show that the poverty incidence among the population is 18.1% or about 19.99 million poor Filipinos. About 13.2% of Filipino families with five members

By vfadmin

Jul 4, 2024

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SECTOR: Economy

SONA YEAR: 2022

Have 9% or “single-digit” poverty rate by 2028

PROMISE STATUS - DATE: In progress as of 07/17/2023

  • Data from the Philippine Statistics Authority (PSA) in 2021 show that the poverty incidence among the population is 18.1% or about 19.99 million poor Filipinos. About 13.2% of Filipino families with five members fail to earn a minimum income of P12,030 to meet basic food and non-food needs.
  • The Bangsamoro Autonomous Region of Muslim Mindanao has the highest poverty incidence of 29.8% among families, while the lowest poverty incidence among families were from the National Capital Region, Cordillera Administrative Region, Region III, and Region IV-A.
  • In a June 8 public forum, Ralph Van Doorn, senior economist for the World Bank in the Philippines, said poverty incidence in the country is expected to fall to 13.5% in 2023 and 10.5% in 2025. But Van Doorn said this means poor households are just above the international poverty line of US$3.65 income per day and “one single shock can push them back,” as seen during the COVID-19 pandemic.
  • Marcos appointed lawyer Larry Gadon as presidential adviser on poverty alleviation on June 26. The next day, the Supreme Court unanimously disbarred him. As anti-poverty czar, Gadon is expected to “design and implement comprehensive programs to address the root causes of poverty” with government agencies, non-governmental organizations, and other stakeholders.

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