MikeLigalig.com

published by Philippine News Agency

Ilonggos spend more and save less, according to Vicente Balinas, the president of the Philippine Statistical Association-Western Visayas chapter, citing the result of the 2009 Family Income and Expenditure Survey (FIES) of the National Statistics Office (NSO).

Balinas, who was one of the discussants during the presentation of the result Tuesday, pointed out that the percent share of average expenditure from the average income nationwide is 85 percent or a savings of 15 percent.

In Western Visayas, however, the average share for expenditures is at 90 percent or a savings of only 10 percent.

The region is the bigger spender compared with Central and Eastern Visayas which incurred a 17 percent and 20 percent savings, respectively.

“Have the results validated the perception that we are quite extravagant compared to the regions in the Visayas? We Ilonggos spend more and save less,” Balinas said.

Another very noticeable data, he said, was that the region had a higher spending on special family occasions compared even with that of the national rating.

The result shows that 3.5 percent of the average annual family income in the region is spent on special family occasions against the 2. 8 percent national rate.

“Again has it validated that as a group of people in Western Visayas we are fond of having parties?" he said.

The expenditure on medical care also surpassed the national rate of 2.9 percent with the region obtaining a 3. 9 percent share.

Meanwhile, the FEIS result also showed that around 44.5 percent of the income earned by families in Western Visayas is spent on food and 10.9 percent on rental followed by fuel, light and water at six percent. Other expenditures account for 9.3 percent.

The average annual family income in Western Visayas, according to Balinas, actually increased by 2.1 percent, putting into account inflation.

“At current prices, the annual family income in Western Visays increased by 22.3 percent but adjusting to inflation between 2006 and 2009 at 2000 prices the average annual family income increased only by 2.1 percent. That is the reason why we cannot feel the impact of this increase due to inflation. The purchasing power of Ilonggo is eroded by high inflation,” he said.

The FEIS is held every three years and the last survey was conducted in 2009.

It gathers data on family income and expenditures, determine the sources of income, levels of expenditure and spending, patterns and related information affecting income distribution and expenditure levels likewise the distribution and degree of inequality among families.

It also aimed to provide benchmark information to update weights in the consumer price index (CPI) and inputs in the the country’s poverty threshold and incidence.

In Western Visayas, the survey was conducted with 1,452 respondent families. It was twice enumerated. The first visit was in July 2009 with the first semester (January to June) as the reference period and January 2010 with the second semester (July to December 2009) as reference period. (PNA)
LAP/RMA/PGLena/vlo

He he, akuon ko gid bla nga tikalon gid kami haw...

kay sa amon gid ang kwarta ginapiko, ginapala.

Quote from: Mike Ortega Ligalig on June 25, 2011, 05:39:16 AM
kay sa amon gid ang kwarta ginapiko, ginapala.

Hu-o bala, bards!

Quote from: Mike Ortega Ligalig on June 24, 2011, 01:18:38 PM
Another very noticeable data, he said, was that the region had a higher spending on special family occasions compared even with that of the national rating.

The result shows that 3.5 percent of the average annual family income in the region is spent on special family occasions against the 2. 8 percent national rate.

“Again has it validated that as a group of people in Western Visayas we are fond of having parties?" he said.

Equally fond of parties baya pud tingali ang ubang Pinoy. Tikalon lang jud ang mga pisot...

Kon gastador basta dunay ikagasto, ang problema kon mangutang
   gyud para  naay  ikalabay sa dakong kumbera. 
Mao na ang  kwarta sa amon ginapala, ginapiko, ang utang ginabulldoze! ...

maayo diay ang ekonomiya sa Bacolod sang iloilo....

Quote from: statesville on June 25, 2011, 10:25:45 AM
Mao na ang  kwarta sa amon ginapala, ginapiko, ang utang ginabulldoze! ...

Bwahaha! Kana jud hinuong mangutang para makapaganyar, naobserbahan baya pud nako na sa atoa...

Daghan jud tawn ko nailhan mang loan unya group loan daw kay para gamay og interest
paghuman kay gipalit ra intawn og gadget maayo unta og ang gadget naay ROI wa man pod
mura ra man gipa ibog

Quote from: insurectus on June 28, 2011, 01:32:05 AM
Daghan jud tawn ko nailhan mang loan unya group loan daw kay para gamay og interest
paghuman kay gipalit ra intawn og gadget maayo unta og ang gadget naay ROI wa man pod
mura ra man gipa ibog

naa pud koy nadunggan nga mangloan kay aron idonate sa simbahan aron mabutang ang ngalan sa wall or aron i announce sila nga dagko ug offer.

Quote from: Raquelproud boholana on June 29, 2011, 02:53:40 AM
naa pud koy nadunggan nga mangloan kay aron idonate sa simbahan aron mabutang ang ngalan sa wall or aron i announce sila nga dagko ug offer.

Paet. Naa ba kaha intawoy grasya ning donasyona...