12 months Gov’t urged to address widening income gap MB |Biz
By Chino S. Leyco The National Economic and Development Authority (NEDA) said yesterday that the government must double its effort to address the regional development gaps as disparities or inequality in terms income across the country widened. In a statement, Socioeconomic Planning Undersecretary Adoracion M. Navarro said that NEDA’s estimates showed regional disparities or inequality in income per capita across the Philippine regions widened over time due to faster population expansion in many areas. Based on the Philippine Statistics Authority (PSA) data, 12 regions exceeded the nationwide average economic growth rate of 6.2 percent last year with Bicol posting ... more