8% drop in poverty incidence in Aklan

Posted by watchmen
April 30, 2019

According to a recent report by the Aklan Philippine Statistics Authority (PSA), the province saw an 8.3 percent drop in poverty incidence. The agency noted, in the first half of 2018, there was a 19.8 percent poverty rate, a drop from 28.1 percent in 2015.

However, despite the overall number on the decline, those living in extreme poverty saw a marginal increase, from 5.9 percent in 2015 to six percent in 2018.

Earlier this week, it was reported the Aklan PSA was currently conducting a consumer expectation survey as a means of determining the country’s economic condition, including an overall view of household finances and income.

“Consumer spending and saving decisions have [an] important influence in determining the course of the national economy,” explained Provincial Statistics Officer Antonet B. Catubuan.

Around 30 households will be surveyed in Barangay Buenavista in Nabas and Barangay Panipiason in Madalag. Respondents will be questioned on topics including family finances, current economic conditions, savings outlook, among others./WDJ

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