BOP deficit widens to $639 million in AprilData released by the central bank showed the BOP shortfall last month was four times wider than the $148 million deficit recorded in April last year. It was also a reversal of the $1.17 billion surplus recorded in March. MANILA, Philippines — The Philippines registered a balance of payments (BOP) deficit of $639 million in April as the government settled more foreign obligations, the Bangko Sentral ng Pilipinas (BSP) said. Data released by the central bank showed the BOP shortfall last month was four times wider than the $148 million deficit recorded in April last year. It was also a reversal of the $1.17 billion surplus recorded in March.

Source: Philippine Star May 21, 2024 20:29 UTC