Philippines unveils new plan to fight persistent poverty
Published on Apr 14, 2014 9:17 PM
MANILA (AFP) - The Philippines on Monday announced plans to spend more on infrastructure and introduce other reforms to try to lift millions out of poverty.
The revised Philippine Development Plan sets more ambitious economic targets to address persistent concerns that poor Filipinos are not enjoying the benefits of the country's recent dramatic economic growth.
Among the new targets is the lowering of the poverty incidence from 25.2 per cent of the population in 2012 to 16.6 per cent by 2016, economic officials said.
"It does not mean that we can do nothing but wait until the benefits of economic expansion 'trickle down' to the poor," Socio-economic Planning Secretary Arsenio Balisacan said in an introduction to the revised plan.
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