Can Your Family Survive On P10,727 Monthly? Economic Officials Say It's PossibleThey even provided a menu with ‘no-frills’ meals.by Kitty Elicay .
According to the Philippine Statistics Authority (PSA), around 5.6 million Filipinos were lifted out of poverty in 2018, as poverty incidence declined to 16.6 percent from 23.3 percent in 2015, according to the latest data from the agency. That’s why economic officials believe a family of five can get by with Php10,727 per month for their basic needs.
PSA Assistant Secretary Rosalinda Bautista said in an economic briefing on Wednesday, December 11, 2019, that Php10,727 is the minimum amount that could get a family basic food and non-food items, according to a report by CNN Philippines.
Based on government computations, Php7,528 must be set aside for food. They even provided a sample menu, which consists of breakfast, lunch, and dinner.
- Breakfast: Scrambled eggs, rice, and coffee with milk
- Lunch: Boiled monggo with malunggay and dried dilis, steamed rice, and a banana
- Dinner: Fried tulingan, steamed kangkong, and rice
- Snacks: Pandesal or boiled root crops
For the remaining Php3,199 in the budget, officials said it can go to non-food items like clothing, fuel, light, water, rent, house repairs, medical care, education, transportation, and personal care.
“That is known as basic needs so no frills. No fancy items there…I’m sure many families are subsisting with that kind of budget,” said Socioeconomic Planning Secretary Ernesto Pernia in a report by ABS-CBN News.ADVERTISEMENT - CONTINUE READING BELOW
In 2015, survey results from the Family Income and Expenditure Survey (FIES) said that Filipino families had an average annual income of approximately Php267,000, which translates to around Php22,250 a month. Average expenses are at P215,000 annually or Php17,916.67 a month.
Families that earn less than Php10,727 are those who live below the poverty threshold, Secretary Pernia said.
Do you agree that Php10,727 is enough to provide for a family's basic needs? Let us know in the comments!
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