These were among the reactions of labor groups and lawmakers to the government’s economic planning agency that tried to explain how a Filipino family should adjust its P10,000 monthly budget to cope with rising prices of goods and services. “Given that family budget, we will have a stunted labor force, physically and mentally in the future,” Magtubo said. Eat once a dayTongue in cheek, Sen. Panfilo Lacson said on Wednesday that his family could “survive” on the monthly budget set by Neda. HypotheticalNeda later said its inflation-adjusted P10,459 monthly budget was only hypothetical and was by no means intended to show that the family could live on that amount. “During the June 5 press briefing on the May 2018 inflation report, Neda showed how a hypothetical monthly budget of P10,000 will be affected by a 4.6-percent inflation rate,” it noted.

Source: Philippine Daily Inquirer June 06, 2018 23:03 UTC