NEDA official clarifies P10k was just a ‘sample budget’

Published June 8, 2018, 10:24 PM

by Roel Tibay

By Katherine Marajas

National Economic and Development Authority (NEDA) released a statement on Twitter clarifying the public that the P10, 000 monthly budget was only a ‘sample budget’.

Ernesto M. Pernia/Socioeconomic Planning Secretary, National Economic and Development Authority (NEDA) (photo from @SecPernia's Twitter)
Ernesto M. Pernia/Socioeconomic Planning Secretary, National Economic and Development Authority (NEDA) (photo from @SecPernia’s Twitter)

“I understand and regret that there are those who were dismayed by the budget figures presented in a  press conference last June 5, 2018. Allow me to point out that there was no mention of a decent budget for a family,” said NEDA Socioeconomic Planning Secretary Ernesto M. Pernia.

Pernia stated that in the said press conference, Undersecretary Rosemarie G. Edillon used the example of Php 10, 000 to illustrate the impact of the May 2018 inflation rate on a family’s budget.

“The practicality of the Php 10, 000 sample budget is that it is easy to multiply by any number (e.g 2x, 3x, … 10x) depending on the actual budget of a family,” he wrote.

“This is not to disregard the reality that many Filipinos work tirelessly to provide for their families.”

Pernia also said that NEDA is doing everything it can to push for needed reforms to raise the quality of life for all.

“Again, please be clarified that the figure cited was only a sample budget.”

“NEDA is one with Filipino families aspiring to lead better lives,” he added.

 
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