COVID-19 has dialed back some inroads made toward attaining the Duterte administration’s original poverty-reduction and jobs targets, but its chief economist remained confident the ultimate goal to eliminate poverty by 2040 would be achieved despite these pandemic-induced hiccups.
The updated Philippine Development Plan (PDP) 2017-2022, which state planning agency National Economic and Development Authority (Neda) revisited in the light of the new normal brought about by the pandemic, showed a less ambitious target to reduce poverty incidence to 15.5-17.5 percent next year, compared to 13-15 percent at the start of the administration.
The updated medium-term socioeconomic blueprint…
Keep on reading: Gov’t tempers medium-term plan goals