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According to World Bank Country Director Motoo Konishi, the Philippines had become a "rising tiger" in East Asia. However, at the same time, during the 2010–2011 fiscal year, the increase in the wealth of the richest families in the Philippines, amounting to 47.39%, comprised 76.5% of the GDP increase for that year. [4]
The use of the NHTSPR has led to 4.4 million poor households being enrolled in Pantawid Pamilyang Pilipino Program or the Philippine conditional cash transfer program, and the poor elderly receiving social pensions. [4] It has also led to 4,000 health cards being distributed which provide state-run health insurance for poor families. [5]
Poverty in the Philippines is a complex issue influenced by various factors, including economic inequality, corruption, and inadequate access to education. The disparity in income across different regions and sectors creates significant barriers for many Filipinos, limiting their opportunities for upward mobility.
The national poverty rate of the Philippines was estimated to be at 22.4% in early 2023. This was the share of the Population whose per capita income was not sufficient to meet the basic food and non-food needs.
Philippine Journal of Development: (formerly Journal of Philippine Development) is a professional journal published twice a year which focuses on Philippine development. This is particularly on economy, business, public administration, foreign relations, sociology, political dynamics and other topics which have policy implications for ...
The Universal Access to Quality Tertiary Education Act, officially designated as Republic Act 10931, is a Philippine law that institutionalizes free tuition and exemption from other fees in state universities and colleges (SUCs), and local universities and colleges (LUCs) in the Philippines. The law also foresees subsidies for private higher ...
The National Anti-Poverty Commission (NAPC) is a government agency of the Republic of the Philippines. It coordinates poverty reduction programs by national and local governments and ensures that marginalized sectors participate in government decision-making processes. NAPC was created by virtue of Republic Act 8425, otherwise known as the ...
Pantawid Pamilyang Pilipino Program (English: Bridging Program for the Filipino Family), also known as 4Ps and formerly Bangon Pamilyang Pilipino, is a conditional cash transfer program of the Philippine government under the Department of Social Welfare and Development. [1]