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The government recently released information analyzing the latest income and expenditure household
surveys which show that the country’s poverty reduction program is on track and is even partly ahead of
target. Poverty reduction accomplishments. In percentage reduction terms, the government has
planned to reduce on an annual basis by 2.23 percentage points from the existing measure of poverty,
so that by 2022 the national poverty incidence would be reduced to 14 percent. On the basis of the 2018
income and expenditure household surveys collected by the Philippine Statistics Authority, results
indicate that the incidence from poverty dropped from 23.3 percent in 2015 to 16.6 percent of the
population in 2018. This set on track the target reductions expected from the economic program. In
population numbers, 5.9 million Filipinos were lifted from the poverty level in 2018. This comes close to
the target level of six million, and almost assures that the numerical targets are achieved by 2022, the
end period of the current development plan. Most recent household income and expenditure
information. The household surveys are based on sampling the population. Although they are not
without errors (as statistical methods go), these periodic surveys represent the best tools for probing
deep into information at the household level, supplemented of course by actual programs that are the
basis of government actions in the economy. Over time, the practice has also improved. It is, therefore,
possible to have some level of trust over their predictive capability. Thus, the information we deduce
from these surveys can serve as helpful guides in probing the direction and progress of the economy.
The Philippines ranked 76th among 191 countries having 9,471 GDP-PPP($).