Defining the News
If four out of 10 Filipino families in the country consider themselves “poor” based on the results of the latest Social Weather Stations survey, then it shows the Marcos Jr. administration’s plan to reduce poverty incidence from double-digit to single-digit level by 2028 faces enormous challenges.
The results were similar to the findings of the previous survey in December 2023 in which 47 percent or 13 million families rated themselves as “poor;” 20 percent, “not poor;” and 33 percent, “borderline.” It is the Department of Social Welfare and Development that is responsible for the development, implementation, and coordination of social protection and poverty reduction strategies for the underprivileged, vulnerable, and destitute.It implements a key component of the government’s poverty reduction program, the Pantawid Pamilyang Pilipino Program or 4Ps, which is a conditional cash transfer program that offers cash grants to low-income families.
It helps microbusinesses develop organizationally and financially. Additionally, it connects participants with work opportunities.This serves as a social safety net to assist people and families recovering from unforeseen crises such as illness, loss of a family member, fires, floods, and other setbacks.
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