5.9M Filipinos no longer poor in 2018

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Fewer Filipinos were considered poor as of end-2018, with latest government data showing 5.9 million citizens lifted out of poverty

More Filipinos were lifted out of poverty in 2018, with the Philippine Statistics Authority reporting a decline in the number of poor families.

Still, this meant 17.6 million Filipinos, or about 3 million families, did not earn enough to buy their basic food and non-food needs. Some 800,000 families also remained"food poor," who are unable to raise the money needed to buy the right amount of food. The PSA set the poverty threshold at ₱10,727 per month on average, which is deemed enough to support a family of five in 2018. Of the amount, monthly food costs are pegged at ₱7,528.

The National Economic and Development Authority said the latest figures show"significant progress," and puts the Philippines on track to meet its target to trim the poverty to 14 percent by the end of the Duterte administration in 2022. The Sustainable Development Goal to remove extreme poverty by 2030 is also attainable so far.

She cited cash transfers under the Pantawid Pamilyang Pilipino Program, the unconditional cash transfers from the Tax Reform for Acceleration and Inclusion law which took effect that year, and the Pantawid Pasada program. However, Navarro said she will recommend"tighter monitoring" for the release of cash aid.

 

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