PH Poverty Incidence down to 21.6% in 2015

povertry-philippines-2015

povertry-philippines-2015

The Philippine Statistics Authority have reported that the country’s poverty incidence has decreased to 21.6%. It was 25.2 percent in 2012 and 26.3 percent in 2009.

This number is based on higher employment percentage, stable income and low inflation.

The 21.6% data means that there are 1.4 million less poor Filipinos this year than in 2009. The poverty incidence among family has also reduced to 16.5 percent in 2015, comparing to 19.7 percent in 2012 and 21.0 percent in 2006.

The Conditional Cash Transfer or the Pantawid Pamilyang Pilipino Program (4 Ps), which had increased the budget from PhP21.2 billion in 2011 to PhP62.3 billion in 2015. This government program is credited as the major factor for the reduction of poverty incidence. This year it covers about 4.4 million Filipino families.

Read more at the NEDA website.

Author: Filipino

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