NEDA clarifies P21 food threshold not meant as budget for decent living standard
Reacting to public backlash, the National Economic and Development Authority or NEDA says the government’s 21-peso food poverty threshold is not a budget recommendation.
Full story: https://www.rappler.com/business/neda-clarifies-food-poverty-threshold-not-budget-decent-living-standard/
Full story: https://www.rappler.com/business/neda-clarifies-food-poverty-threshold-not-budget-decent-living-standard/
Transcript
00:00Reacting to public backlash, the National Economic and Development Authority, or NEDA, says the government's 21-peso food poverty threshold is not a budget recommendation
00:10Instead, NEDA chief Arsenio Balizacan says the government only uses such figures to measure food poverty and make policies
00:17They were, quote, "...never intended to be prescribed budgets for a decent standard of living."
00:22The 21-peso per meal threshold stirred controversy after senators questioned it in a budget hearing earlier this week
00:29People on social media said it was nowhere near the price of a decent meal
00:33The latest report from the Philippine Statistics Authority says food poverty in the country fell from 5.9% in 2021 to 4.3% in 2023