PSA: Poverty falls 6.6% from 1st half of 2015 to 2018
Credit to Author: cbibe| Date: Wed, 10 Apr 2019 06:04:54 +0000
MANILA, Philippines — The number of poor Filipinos fell by 6.6 percent in the first half of 2018 compared to the same period in 2015, the Philippine Statistics Authority (PSA) reported Wednesday.
In a press briefing, PSA Assistant Secretary Josie Perez said the poverty incidence among Filipinos in the first half of 2018 was estimated at 21.0 percent, lower from the 27.6 percent recorded in the first half of 2015.
This translates to 23.1 million Filipinos living below the poverty threshold in the first half of 2018.
Poverty incidence is the proportion of the population living below the poverty line to the total Filipino population.
National Economic Development Authority (Neda) Undersecretary Adoracion Navarro attributed the decrease in the “sustained economic growth and critical and broad-based reforms and investments that have translated to employment generation and social protection.”
Meanwhile, poverty incidence among Filipino families clocked in at 16.1 percent in the first half of 2018, also lower than the 22.2 percent recorded in the same period in 2015.
The National Capital Region (NCR) had the highest average poverty threshold at the regional level in the first semester of 2018.
During the first half of 2018, a family of five needed around P10,481 per month to meet their minimum basic food needs and non-food needs, the PSA further noted.
However, a family of five living in the NCR needed at least P11,752 per month to meet their minimum basic food needs and non-food needs during the first half of 2018. /cbb