NSCB: Poverty Worsens bet. 2003 & 2006

[chua_riwap]

Sabi ng gobyerno natin, umaangat ang Phil. economy. Bakit ganito? Kelan natin mararamdaman yung "angat" ng economy natin?


ABS-CBNNews.com
5 Mar 2008

It's official: Poverty worsened from 2003 to 2006, and the Arroyo administration will almost definitely not achieve its poverty reduction target under its medium-term development plan.

In a press conference Wednesay, government officials disclosed that poverty incidence increased by 2.5%, from 24.4% in 2003 to 26.9% in 2006.

In 2003, 24 out of 100 families in the Philippines were poor; in 2006, 27 out of 100 families were poor.

Those considered poor are Filipino families of five individuals whose monthly incomes were below P6,274 in 2006.

The actual number of poor Filipino families went up by 16%, from 4 million in 2003 to 4.7 million in 2006.

The actual number of poor Filipinos increased from 23.8 million in 2003 to 27.6 million in 2006, or a 3.8 million increase in the number of poor people. National Economic and Development Authority (NEDA) Director-General Augusto Santos said he informed President Arroyo about this data Tuesday night through a text message. He also sent her a memorandum on the 2006 Official Poverty Statistics Wednesday morning. Asked what was Arroyo's response, Santos said: "I have not obtained a response from the President." Given the bleak poverty figures, the government will not likely meet its target to reduce poverty incidence from 28% in 2004 to between 17-19% in 2010.

[tidus1203]

Yes there is more prosperity as a whole but of course only few people took advantage of it. Increase in corporate profits, more jobs. The poor can't own a company (obviously they don't have the capital to begin with) and the jobs are for the more educated people (the poor didn't go to school or at least didn't finish tertiary education) so yes in numbers we did prosper but not everyone felt it.

[uls]

Coz there are people out there who can spot opportunities to make money better than others.

It takes a special breed of people... iba ang pananaw nila sa mundo... kahit saan sila magpunta... lahat ng nakikita nila... they see opportunity.

Sila ang umaasenso.

[tidus1203]

INFLATION has been my cornerstone in investing my money this year. IMO this is the single biggest enemy of the poor and middle class. Their incomes never rise or at least never rise as fast as inflation. The RP government says our inflation is 5.4% per annum pero I have always been skeptical of government statistics in general since they always skew stats to favor them.

The rich of course can protect themselves against this monster better.... So thats another reason I want to point out that INFLATION is one of the biggest reason people are getting poorer and poorer. Remember its not the amount of money you make its how much purchasing power you have....

[mayana]

Bangko Sentral ng Pilipinas reax:
[SIZE=2]That February inflation figure was expected due to higher prices of petroleum products and commodity prices.[/SIZE]

[uls]

Just look at global commodity prices... lahat all time high...

oil, grains, metals...

Now go to your local palengke and check the prices...

kaya dami naghihirap.

Kasalanan yan ng mga hedge funds.

[VtEC]

di na siguro maayos ang poverty problem na yan.mas madami and padami pa ang mga pobre sa mga middle class and sa mga super rich families.di kayang e equate yan nga kahit na sinong magaling sa statistics.kung skilled naman, maximized ang kakayanan pero hindi compensated.yan ang utak ng mga employer sa pinas.