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Questions and Answers
What is the government's goal range for poverty incidence in the Philippines?
What is the government's goal range for poverty incidence in the Philippines?
- 12% - 14%
- 18.1% - 20%
- 15.5% - 17.5% (correct)
- 9% - 11%
What is the Philippine Statistics Authority's definition of poverty?
What is the Philippine Statistics Authority's definition of poverty?
- The number of Filipinos who are homeless
- The number of Filipinos who are unemployed
- The number of Filipinos whose per capita income is insufficient to cover their basic dietary and non-nutritional needs (correct)
- The number of Filipinos who are illiterate
What is the government's plan to reduce poverty in the Philippines?
What is the government's plan to reduce poverty in the Philippines?
- To focus on reopening the economy, investing in human capital and social security, and restructuring production sectors for high-quality employment and competitive goods (correct)
- To increase taxes and reduce government spending
- To reduce the number of social programs
- To increase the number of foreign workers in the country
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Study Notes
- 2.3 million people fell into poverty in the Philippines between 2018 and 2021 due to the pandemic-induced economic slowdown.
- 20 million people, or 18.1% of the population, lived in poverty in 2021, beyond the government's goal range of 15.5%–17.5%.
- President Ferdinand Marcos Jr. wants to reduce poverty to 9% by 2028.
- The government plans to focus on reopening the economy, investing in human capital and social security, and restructuring production sectors for high-quality employment and competitive goods.
- The Economic Planning Secretary believes poverty incidence can be reduced by 5 percentage points by midterm and another 4 percentage points by 2028.
- The Philippine Statistics Authority defines poverty as the number of Filipinos whose per capita income is insufficient to cover their basic dietary and non-nutritional needs.
- Prior to the pandemic, six million Filipinos had been lifted out of poverty in 2018.
- Rising inflation is a challenge to achieving the poverty reduction goal.
- The PSA produces data on poverty every three years.
- The pandemic was a major factor in the increase in poverty in the Philippines.
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