Income and Expenditure

Medical Expenditures In 2000 Reached P34.6 Billion

Total family expenditures for medical care in 2000 was reported at P34.6 billion increasing by P4.2 billion or higher by 13.7 percent from its P30.4 billion figure in 1997. This translates to P2,660 medical care expenditures for each family in 2000. Expenditures for drugs and medicines reported the highest percentage with 46.4 percent, hospital room charges with 24.1 percent, medical charges (including doctor's fee) with 21.7 percent, other medical goods such as alcohol, bandage, plaster, etc. with 3.5 percent and the combined expenditures for dental charges, contraceptives, and other medical and health services with only 4.3 percent.

Education Expenditures in 2000 increased by 44.0 percent

The total family expenditures for education in 2000 increased by 44.0 percent compared to 1997 education expenditures. Of the P76.1 billion reported total education expenditures, P53.4 billion or 70.2 percent was on expenditures for education fees (including matriculation, tuition fees, etc.), followed by allowance for family member studying away from home with P14 billion or 18.4 percent. Each family on the average spends about P6,894 for education in 2000.

Education expenditure in 2003 higher by 8.5 percent (Based on 2003 Family Income and Expenditure Survey Final Results)

Education is valued highly by Filipinos. It is viewed as a primary avenue for social and economic upliftment. Like food and other basic needs, a substantial amount is spent for education. In the 2003 FIES, education accounted for 4.0 percent of the total family expenditures of approximately P20 trillion in the said year.

Total Housing Expenditure Increase by 21.3 Percent (Results from the 2006 Family Income and Expenditure Survey Final Results)

Total housing expenditure increase in 2006

Total housing expenditure in 2006 was estimated at P340.6 billion indicating an increase of 21.3 percent over the 2003 estimate of P280.8 billion.

Of the P340.6 billion reported housing expenditure, 12.7 percent went to rent/rental value of house and lot, while only 0.5 percent was spent on house maintenance and minor repairs.

2006 Family Income and Expenditure Survey (Final Results)

Increase in average annual family income and expenditure

In 2006, the average annual family income of Filipino families (P173 thousand) was 16.8 percent higher than the 2003 estimated average of P148 thousand.

Correspondingly, the average annual family expenditure of families increased from P124 thousand in 2003 to P147 thousand (18.5%) in 2006.

Adjusting for the inflation between 2003 and 2006, the average annual family income in 2006 (P173 thousand) would be valued at P125 thousand at 2000 prices. Likewise, the average annual family expenditure in 2006 (P147 thousand) would be valued at P107 thousand at 2000 prices.

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