BusinessWorld E-paper
September 21, 2023
payments (BoP) position remained in a deficit for a fifth straight month in August, albeit sharply narrower from a year ago, mainly due to the National Government’s foreign debt payments, the central bank said late on Monday.
Based on data released by the Bangko Sentral ng Pilipinas (BSP), the country’s BoP deficit stood at $57 million in August, 90% lower than the $572-million gap recorded in the same month a year ago.
