Jul 102013
 
Malacañang on Wednesday expressed doubts on a report by National Statistical Coordination Board (NSCB) showing growing inequality between the rich and the poor in the Philippines in terms of income.

At a press briefing, presidential spokesperson Edwin Lacierda maintained that “real growth” is being experienced by Filipinos in the low income level.

“I’m not sure if that [report] is correct. There has been a growth even in the lowest levels and if you notice the growth, for instance, there’s a growth of eight percent in the lowest level,” he said.

Lacierda was reacting to an NSCB study that revealed that Filipinos from the high-income class enjoyed a 10.4-percent growth in income in 2011, while those in the low-income group only experienced an 8.2-percent growth.

Lacierda pointed out that these figures are still above the 3.2-percent inflation rate, which means that growth is being experienced in all levels of society in the Philippines.

He added that the Aquino administration is determined to achieve inclusive growth before Aquino’s term ends in 2016.

“From the very start of our administration, we have said that we are going to bat for inclusive growth and it’s not gonna happen overnight.  We are continuously doing and making sure that no one would be left behind,” Lacierda said.

Last April, the NSCB reported that poverty incidence in the country during the first half of 2012 was at 27.9 percent, which was almost the same rate six years ago. Andreo Calonzo/KBK, GMA News

May 302013
 
NEDA chief: GDP growth still about the poor

A man cooks his food along a sidewalk in Tondo district, Manila. EDD GUMBAN/FILE PHOTO MANILA, Philippines – The country may have an impressive gross domestic product (GDP) in the first quarter, but an economic official believes that this growth is still about its impact to the poor. The National Statistical Coordination Board (NSCB) revealed on Thursday that the Philippines’ GDP grew by 7.8 percent in the first three months, exceeding market and government expectations and beating Southeast Asian nations and even China. But Socioeconomic Planning Sec. Arsenio Balisacan admitted that the issue is all about making the GDP growth inclusive. “We know, however, that inclusive growth is not about averages, but about the lower part of the income distribution, namely, the poor,” said Balisacan, who is also the director-general of the National Economic and Development Authority (NEDA). “On the other hand, we also know that growth is still the necessary condition for inclusive growth,” he added. Malacanang said its goal is to ensure that the recent economic gains of the country are being felt by all. “That is always the target; that nobody will be left behind,” said Deputy Presidential Spokesperson Abigail Valte. “With the high numbers that we have, even with the boost in investor confidence, the rallies that you’ve been seeing in the stock market, ang importante po sa atin ay ‘yung maramdaman ng lahat [‘yung economic growth],” she added. But Valte noted that the effects of these economic gains do not happen overnight. The NSCB said Read More …