MANILA, Philippines — If you spend more than P64 for three meals a day, you’re no longer considered “food poor.”
This was based on the data from the National Economic and Development Authority (Neda).
During the Senate panel on finance’s hearing on the proposed 2025 national budget on Tuesday, Sen. Nancy Binay asked Neda chief Arsenio Balisacan how the country classifies food-poor Filipinos.
“As of 2023, a monthly food threshold for a family of five is P9,581, that comes out [to] about P64 per person,” Balisacan said.
Binay asked if the P64 covers three meals per day. Balisacan answered: “Yes.”
“So it appears that it’s about P20 per person per meal,” Binay said in Filipino.
She then asked if P20 would be sufficient.
“[The] basket has not been changed for some time,” he said.
“The value of that basket has been adjusted for inflation. So that’s actually been adjusted for inflation and we’ll be revisiting. I think it’s due for a revisit because it’s been so long. It has been more than a decade since it was set,” he explained, speaking partly in Filipino.
According to the Neda chief, the government is keeping it “constant” to allow the country to understand whether its policies and programs are working as far as reducing poverty is concerned.
The panel chairperson, Sen. Grace Poe, said “certain things” would have to be adjusted such as the computation of the poverty threshold, noting that it might not be “workable” anymore.
“Let me clarify that the amount in terms of peso has been adjusted for inflation,” Balisacan said.
The Neda chief also said the country’s food-poor threshold in 2021 was at P55 while it was at P63 in 2023.
“By 2024, that’s expected to go up to P67 also. Admittedly, with the growth of the economy since 2010, this was the last time that the basket was determined by a combination of agencies — the DOH and FNRI. They are the ones who determined that basketball and what constitutes a reasonable food basket that could meet the nutritional, particularly the calorie requirement,” Balisacan explained.
He emphasized that it was not Neda but FNRI that invented the basket.
“Now with the per-meal price, the basket is very basic. Now, of course, with the growth of the economy, as I said maybe we should revisit that because preferences could have changed already, the relative prices have changed,” Balisacan said.