Poverty in the Philippines | Wikipedia audio article
Channel: wikipedia tts
Date: 06/11/2018

This is an audio version of the Wikipedia Article:
Poverty in the Philippines

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SUMMARY
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The poverty line for 2014 marked a per capita income of 100,534 pesos a year. According to the data from the National Statistical Coordination Board, more than one-quarter of the population fell below the poverty line the first semester of 2014, an approximate 78 percent increase since 2013.The country’s poverty incidence for the whole of 2015 declined to 21.6 percent from 25.2 percent in 2012 and 26.3 percent in 2009, the Philippine Statistics Authority (PSA) reported.
The decrease in poverty has been rapid and continuous, compared with broadly similar numbers in the 1980s, such as People's Republic of China (PRC), Thailand, Indonesia or Vietnam. National Economic and Development Authority (NEDA) deputy director general Rosemarie Edillon attributed this to a generally low and stable inflation, improved incomes and higher employment rates during the period.The government planned to eradicate poverty as stated in the Philippines Development Plan 2011-2016 (PDP). The PDP for those six years are an annual economic growth of 7-8% and the achievement of the Millennium Development Goals (MDGs). Under the MDGs, Philippines committed itself to halving extreme poverty from a level of 33.1% in 1991 to 16.6% by 2015.