Grim poverty data show recovery still a long way off

TODAY'S EDITORIAL: Grim poverty data show recovery still a long way off

THE increase in poverty incidence in the Philippines due to the punishing economic effects of the Covid-19 pandemic did not come as a surprise, but the actual data released on Monday by the Philippine Statistics Authority was nevertheless disheartening. Based on the preliminary results of the Family Income and Expenditure Survey in 2021, which is conducted every three years, poverty incidence among Filipinos rose to 18.1 percent, up from 16.7 percent in the previous FIES in 2018.

In other words, anti-poverty and other social programs use the PSA poverty threshold in determining the population to target.That explanation would be acceptable, except for one glaring fact; P12,030 per month for a family of five works out to P79.05 per person per day, or about $1.41 at the current peso-dollar exchange rate. However, the universally recognized poverty threshold established by the World Bank stands at $2.15 per person per day.

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