Worsening inflation makes admin ayuda cuts even more unconscionable – IBON
Worsening inflation makes admin ayuda cuts even more unconscionable – IBON
By IBON Foundation
With inflation continuing to rise to 8.7% in January 2023 to its highest in over 14 years, research group IBON said that it is unconscionable for the Marcos Jr administration to keep slashing cash assistance to struggling Filipinos in urgent need of relief. Soaring food prices threaten to drive millions of Filipinos into hunger especially with the recent acceleration in housing, water, electricity, gas and other fuels. Amid worsening informality of work, falling family incomes and growing poverty, government should provide meaningful cash assistance and wage hikes as well as support for rural producers and small businesses.
Comments (0)