1.4 Million Less Poor Filipinos Lifted From Poverty Last Year

National Economic Development Authority (NEDA) Director General Rosemarie Edillon said on Thursday that poverty incidence reduced to 21.6 percent of the country's population in 2015 because of strong economic growth and stable consumer prices.

There were 1.4 million less poor Filipinos last year, compared to 2012, when 25.2 percent, or roughly a quarter of the population were considered poor, said Rosemarie Edillon, NEDA chief.

“The decline in poverty has been more pronounced in recent years,” she said.

“This signifies improvement in the quality of living conditions, which may indicate that the government’s programs and projects, such as the Conditional Cash Transfer Program, have been gaining traction,” Edillon added.

Source: ABS-CBN