Poverty in the Philippines

Topics: Poverty, Millennium Development Goals, Poverty reduction Pages: 4 (1252 words) Published: February 23, 2013
Poverty and inequality have been recurrent challenges in the Philippines and have again come to the fore in the wake of the current global financial crisis and rising food, fuel, and commodity prices experienced in 2008. he proportion of households living below the official poverty line has declined very slowly and unevenly in the past four decades, and poverty reduction has been much slower than in neighboring countries such as the People’s Republic of China (PRC), Indonesia, hailand, and Viet Nam. he growth of the economy has been characterized by boom and bust cycles and current episodes of moderate economic expansion have had limited impact on poverty reduction. Other reasons for the relatively moderate poverty decline include the high rate of inequality across income brackets, regions, and sectors; and unmanaged population growth.his study aims to provide a comprehensive analysis of the causes of poverty in the Philippines and give recommendations for accelerating poverty reduction through sustained and more inclusive growth. he study will provide an overview of the current status of government responses, strategies, and achievements and will identify and prioritize future needs and interventions. Millennium Development Goal (MDG) accomplishments to date will also be assessed. It will examine implications of the current financial crisis on poverty and recommend ways to move forward. he study is based on analytical work using current literature and the latest available data, including the 2006 Family Income and Expenditure Survey (FIES).

Current Profile of Poverty in the Country
Poverty incidence among households increased from 24.4% in 2003 to 26.9% in 2006 and the number of poor families increased from 4.0 million in 2003 to 4.7 million in 2006. he headcount index increased from 30.0% in 2003 to 32.9% in 2006 and the number of poor people increased from 23.8 million in 2003 to 27.6 million in 2006. It should also be noted that poverty...
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