BusinessWorld E-paper
May 22, 2024
THE COUNTRY’S balance of payments (BoP) deficit widened in April as the government paid back foreign debt and the trade balance remained in a deficit, the Bangko Sentral ng Pilipinas (BSP) said.
Data from the central bank showed the BoP position widened to a $639-million deficit in April from the $148-million gap a year ago. This was also a reversal from the $1.17-billion
surplus recorded in March.
