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Philippines Poverty Rate Reduction Goals

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Philippines Poverty Rate Reduction Goals

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Questions and Answers

What is the target poverty rate of the Philippine administration by 2028?

6 percent

9 percent (correct)

5 percent

11 percent

According to the Philippine Statistics Authority, what was the poverty rate in the first half of 2023?

24.4 percent

20.4 percent

23.4 percent

22.4 percent (correct)

How many Filipinos were estimated to be poor in 2021?

25.14 million

27.14 million

26.14 million (correct)

25.24 million

In how many regions did poverty incidence decrease from 2021 to 2023?

15 regions Signup and view all the answers

What contributed to the economy's recovery from the pandemic, according to Arsenio Balisacan?

Full reopening of the economy and lifting of Covid-19 restrictions Signup and view all the answers

What was the average GDP growth rate of the Philippines in the first three quarters of 2023?

5.5 percent Signup and view all the answers

What is the main driver of economic growth according to the text?

Robust domestic demand Signup and view all the answers

What is the target range for GDP growth in 2023?

6 to 7 percent Signup and view all the answers

What is the goal of the government's infrastructure projects?

To generate more well-paying and secure jobs Signup and view all the answers

What is the target range for headline inflation from 2023 to 2028?

2.0 to 4.0 percent Signup and view all the answers

What is the purpose of the Executive Order 50?

To extend the Most Favored Nation reduced tariff rates for key agricultural commodities Signup and view all the answers

What is the current poverty rate of the country, according to the text?

18.1 percent Signup and view all the answers