BusinessWorld E-paper
March 21, 2024
THE DEFICIT in the Philippines’ balance of payments (BoP) narrowed sharply to $196 million in February from the $895-million gap recorded a year earlier, data from the Bangko Sentral ng Pilipinas (BSP) showed.
“The BoP deficit in February 2024 reflected outflows arising mainly from the National Government’s (NG) payments of its foreign currency debt obligations,” the BSP said in a statement late on Tuesday.
