NATIONAL Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said the decline in poverty rate in 2023 shows promising signs of inclusive government efforts to reduce poverty across the regions and provinces.
NATIONAL Economic and Development Authority Secretary Arsenio Balisacan said the decline in poverty rate in 2023 shows promising signs of inclusive government efforts to reduce poverty across the regions and provinces.In a statement late Thursday, Balisacan noted, however, that despite the decline, the government will continue to address the root causes of poverty and make sure that the reduction will be sustained.
The amount needed by a family of five to meet their basic food needs per month or the food threshold was P9,581.'We recognize that poverty pertains to a state of deprivation and an individual's perception of the quality of life they enjoy compared to their aspirations. The food threshold represents the cost of a food bundle that meets the energy and micronutrient requirements of the average Filipino,' Balisacan said.
Govt To Keep Addressing Poverty
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