Philippines plans 10% budget hike to fight poverty

The Philippine government on Tuesday proposed a budget hike for next year of more than 10 percent, making it worth $47.8 billion, as it seeks to fight poverty and boost social services.

The proposed budget, which would be worth just over two trillion pesos, will put an emphasis on social services such as the education and public works departments, Budget Secretary Florencio Abad said.

More than 26 percent of the Philippine population of about 95 million people are considered by the government to be living in poverty.

"We're calling it an empowerment budget because every government peso that is spent in this budget is meant to benefit the people especially the poor," Abad told reporters.

Defence spending will only amount to 89.8 billion pesos or 4.5 percent of the total despite a festering territorial dispute with China in the South China Sea, department documents showed.

The 2013 budget also increases a system of cash payments to poor households to 44.25 billion pesos covering 3.8 million families from 39.44 billion pesos for three million households in 2012, Abad said.

The programme provides monetary assistance to poor families under a number of conditions including that they keep their children in school.

Abad expressed optimism the proposed budget would be swiftly passed by Congress, saying that the legislators had been consulted and expressed their support for the plan.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Chronicling the komedya in Antique VERA Files - The Inbox
    Chronicling the komedya in Antique

    By Alex C. Delos Santos, VERA Files The first time Cecile Locsin-Nava, a scholar on cultural studies in Western Visayas, came to Antique around ten years ago was to gather data for a research on the korido, or Philippine narrative … Continue reading → …

  • Ayungin dilemma Ramon Casiple - Parallaxis
    Ayungin dilemma

    China faces a dilemma in Ayungin Shoal and other contested areas. If it waits for the ITLOS—which may decide against it—it would have tacitly bound itself to UNCLOS and risk a rogue state reputation if it asserts its claim in the South China Sea. If its militarily acts now, it may face international isolation. …

  • 48 nabbed in biggest anti-trafficking catch in Bongao VERA Files - The Inbox
    48 nabbed in biggest anti-trafficking catch in Bongao

    By Jake Soriano, VERA Files Bongao, Tawi-tawi—A team of Marines and policemen intercepted around noon Thursday 48 people, 12 of them minors, believed recruited by a human trafficking syndicate for work in Malaysia. The arrest constitutes what advocates called the … Continue reading → …

POLL
Loading...
Poll Choice Options