Forum to focus on poverty

THE PHILIPPINE Development Forum next week focus on how the government can reduce poverty incidence rate to 17% from 26% when the term of President Rodrigo R. Duterte ends in 2022.

Based on the briefer from the Finance department, the event, which will take place on November 8-9 here, will “provide the new administration (with) the opportunity to share its strategy in translating the 10-point socioeconomic agenda into concrete programs, activities, and projects” for it to achieve its goal in reducing poverty.

The first day of the event will provide the venue to the National Economic and Development Authority to present the mechanisms on how to translate the 10-point agenda “into a plan of priority actions… (by) taking into account” the initiatives of the government to reach out to all stakeholders through discussions, including the Sulong Pilipinas dialogues.

The stakeholders will also provide inputs so that the government will be able to fine-tune its programs to ensure that the goal is met, it added.

On the second day of the event, Presidential Assistant on the Peace Process Jesus G. Dureza, co-chair of the event, and Finance Secretary Carlos G. Dominguez, its chair, will provide highlights on the results of the discussions with Mr. Duterte giving his address.

The goal is directed at reducing poverty because even with the economic gains that the country has achieved, poverty incidence is still high.

The event will have five breakout groups in the macroeconomic and fiscal policies, Mindanao development, rural development, human capital development, and infrastructure and competitiveness.

The organizers hope, the briefer added, that the event will be able to generate policy recommendations that can be discussed in future discussions.

 The Duterte administration earlier said that its economic managers are looking at initiatives that will help protect to the poor and low-income families from the impact of the planned tax reforms.

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