Philippines Balance of Payment at $270 Million Deficit in April 2018
Manila | 18th May 2018
The country’s overall balance of payments (BOP) position in April 2018 posted a deficit of US$270 million, a reversal from the US$917 million BOP surplus recorded in the same month last year.
“Philippines Overall BOP Position Posts US$270 Million Deficit in April 2018″
” PHILIPPINES BALANCE OF PAYMENTS IN April 2018 AT $270 MILLION DEFICIT “
Outflows in April 2018 stemmed mainly from payments made by the National Government (NG) for its maturing foreign exchange obligations and foreign exchange operations of the BSP. These were partially offset, however, by income from the BSP’s investments abroad and net foreign currency deposits of the NG during the month.
Source: Bangko Sentral ng Pilipinas