Gov't poised to beat poverty reduction target: Pernia

Arianne Merez, ABS-CBN News

Posted at Dec 11 2019 01:49 PM | Updated as of Dec 11 2019 02:06 PM

MANILA -- The government can lift more people out of poverty by the end of President Rodrigo Duterte's term than previously targeted, one of his economic managers said Wednesday.

Citing his estimate following the release of 2018 poverty data, Socioeconomic Planning Secretary Ernesto said poverty incidence could be reduced to 10 to 12 percent by 2022 versus the original goal of 14 percent.

The 14 percent poverty incidence goal could be met as early as next year, Pernia told reporters in Malacañang, citing increased job creation, and the institutionalization of the conditional cash transfer program.

“My estimate is it’s going to go down to 11 percent [by 2022],” Pernia told reporters in Malacañang.

“In other words possible 10 to 12 percent poverty reduction by 2022… It’s possible and quite reasonable,” he added.

Poverty incidence dropped to 16.6 percent in 2018 from 23.2 percent in 2015 according to the Philippine Statistics Authority. This means 166 out of every 1,000 Filipinos belong to poor families whose incomes are not enough for basic needs.

Pernia said that between 2018 and 2019, over 1.8 million jobs were created making it a “walk in the park” for the government to meet its initial 14 percent poverty rate target.

“We are only 1.6 percent away. It's a walk in the park na maabot natin ito by 2022,” he said.