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Philippines will miss goal of halving poverty incidence this year

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Benjamin E. Diokno | |
THE PHILIPPINES will definitely miss its Millennium Development Goal (MDG) of halving poverty incidence by 2015. This follows from the official announcement last Friday that more Filipinos plunged into poverty in the first half of 2014, this despite the above normal growth during the last three years. RELATED STORIESCore -- Benjamin E. Diokno:"Tweak the Constitution to strengthen weakened political institutions"Core -- Benjamin E. Diokno:"Justify the P3-trillion budget"Core -- Benjamin E. Diokno:"We’re losing the war against unemployment"Core -- Benjamin E. Diokno:"A GREEK TRAGEDY"Glencore to exit Tampakan project |
By contrast, our ASEAN-6 neighbors -- Indonesia, Malaysia, Singapore, Thailand and Vietnam -- have met this lofty goal many years ago. This suggests that our Asian peers are doing things right while we continue to muddle through.

Philippine authorities pledged to halve poverty incidence this year -- from 34.4% in 1991 to 17.2% in 2015. In 2012, the last year the Family Income and Expenditure Survey (FIES) was done, the poverty incidence was 25.2%. It was 26.6% in 2006 and 26.3% in 2009. Nothing much has changed: one in four Filipinos is poor.

The real poverty picture may be worse than what the official statistics suggest. In 2012, the poverty threshold was P18,935 per year, P1,578 per month, or P52.60 per day. That’s the height of absurdity! I challenge public officials to survive on P57.60 per day for even a week.

I think the Social Weather Stations (SWS) is more accurate when its survey results show that more than half of Filipinos perceive that they are poor, and not one in four as suggested by official poverty numbers.

Based on the Annual Poverty Indicators Survey (APIS) released on Friday, poverty incidence

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