This refers to the editorial on Philippine Daily Inquirer dated March 8, 2008. According to the editorial, President Gloria Arroyo, every now and then, proudly announces that the Philippine economy grew by 7.3% in GDP. But why is
poverty in this coutry seem to worsen? Who''s feeling the "good" change?
The survey on poverty made by the National Statistical Coordination Board showed no improvement on people''s lives contrary to what the
government is saying. As a matter of fact, 700,000 families were even added to the number of those considered
poor. Those considered poor are those earning less than Php 6,274 a month, which is not even enough to sustain their basic necessities which include food, shelter, health and education.
So how did millions level down to the ranks of the poor when the government is consistently saying that our economy is growing? A very big question that
needs a very big and concrete answer. Right?
The National Economic and Development Authority (NEDA) said the increased rate in poverty was due to the increased prices of the basic needs. The expanded value-added tax (E-VAT) has even put more burden to the masses'' shoulders.
In a report made by the Asian Development Bank entitled "Philippines: Critical Development Constraints", it has pointed out the 3 major factors that slows down economic
growth: 1) the government''s "tight" fiscal situation; 2) declining investments in infrastructure; and 3) lack of
investor confidence because of corruption and political instability.
Looking at the said constraints, how can they be solved? Good governance is surely the primary solution which will lead to the eradication of graft and corruption. Proper use of government resouces is also one way as well as enhancing investor confidence. Easier said than done, but the Filiponos are still hoping for a better and renewed Philippines.
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