THE COUNTRY’S balance of payments (BoP) deficit widened in November as the government made more repayments on foreign debt, the Bangko Sentral ng Pilipinas (BSP) said on Thursday.
Data from the central bank showed the BoP position widened to a $2.276-billion deficit in November from the $216-million gap a year ago. It also more than tripled from the $724-million deficit in October.
November also marked the widest deficit in 26 months or since the $2.339-billion shortfall recorded in September 2022.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
