ABOUT 17.54 million Filipinos were living in poverty in 2023, significantly lower from than the nearly 20 million in 2021, the Philippine Statistics Authority (PSA) reported on Monday.
Based on preliminary results of the PSA’s Family Income and Expenditure Survey (FIES), the poverty incidence among the population fell to 15.5% from the 18.1% estimate in 2021.
“This present figure is even lower than the pre-pandemic level of 16.7% in 2018,” President Ferdinand R. Marcos, Jr. said in his State of the Nation Address on Monday. He added that almost 2.5 million Filipinos were lifted from poverty.
The latest figure is also lower than the government’s development target for poverty incidence in 2023 at 16-16.4% under the Philippine Development Plan (PDP) 2023-2028.
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