Marcos confident of cutting poverty rate

MALACAÑANG on Tuesday expressed confidence the government can significantly reduce the country's poverty incidence to a single digit by the time President Ferdinand 'Bongbong' Marcos Jr. steps down from office in 2028.Socioeconomic Planning Secretary Arsenio Balisacan said this is achievable amid the global headwinds and challenges of higher inflation rate.Balisacan, who also heads the National Economic and Development Authority , said the 9 percent goal by 2028, from the 17.

And those two, growth and jobs, and paying attention to social protection to address shocks like typhoons and crises [will] enable us to achieve faster reduction of poverty from where it is today to single digit, at nine percent actually,' the official said in a meeting with the Chief Executive.

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