{"id":174524,"date":"2018-08-01T23:15:33","date_gmt":"2018-08-02T03:15:33","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=174524"},"modified":"2018-08-01T23:15:33","modified_gmt":"2018-08-02T03:15:33","slug":"pernia-hopeful-reduction-ph-poverty-incidence","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/08\/01\/pernia-hopeful-reduction-ph-poverty-incidence\/","title":{"rendered":"Pernia hopeful of reduction in PH poverty incidence"},"content":{"rendered":"<figure id=\"attachment_174529\" aria-describedby=\"caption-attachment-174529\" style=\"width: 415px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/08\/neda-pernia-by-toto-lozano-ppd.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-174529\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/08\/neda-pernia-by-toto-lozano-ppd.jpg\" alt=\"\" width=\"415\" height=\"260\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/08\/neda-pernia-by-toto-lozano-ppd.jpg 415w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/08\/neda-pernia-by-toto-lozano-ppd-300x188.jpg 300w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><\/a><figcaption id=\"caption-attachment-174529\" class=\"wp-caption-text\">Pernia said the government remains vigilant and is prepared to take the necessary policy measures to respond to potential downside risks to growth, particularly rising inflation. (File:Presidential Photo)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; Socioeconomic Planning Secretary Ernesto Pernia is hopeful of further reduction in the country\u2019s poverty incidence given the sustained economic growth and the moderate food inflation.<\/p>\n<p>The Duterte administration targets to reduce poverty incidence between 17.3 percent to 19.3 percent this year from 21.6 percent in 2015.<\/p>\n<p>\u201cHowever, this target may be at risk in 2018 if inflationary pressures are not addressed effectively and immediately,\u201d Pernia said Tuesday, during the briefing of the interagency Development Budget Coordination Committee (DBCC) at the House of Representatives on the proposed 2019 national budget.<\/p>\n<p>He said the official poverty data for 2017 and the Family Income and Expenditure Survey (FIES) are yet to be released.<\/p>\n<p>Conducted by the Philippine Statistics Authority, FIES is used to monitor poverty incidence.<\/p>\n<p>Pernia said the government remains vigilant and is prepared to take the necessary policy measures to respond to potential downside risks to growth, particularly rising inflation.<\/p>\n<p>\u201cRising inflation could result in second round effects that lead to further inflation,\u201d he noted.<\/p>\n<p>The country\u2019s inflation rate in June 2018 reached 5.2 percent due to faster price increases in food, fuel and transport, as well as world oil prices and peso depreciation.<\/p>\n<p>January to June inflation averaged 4.3 percent, slightly higher than the government\u2019s target of 2 to 4 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Socioeconomic Planning Secretary Ernesto Pernia is hopeful of further reduction in the country\u2019s poverty incidence given the sustained economic &hellip;<\/p>\n","protected":false},"author":33,"featured_media":174529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-174524","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-leslie-gatpolintan","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/174524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=174524"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/174524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/174529"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=174524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=174524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=174524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}