By Luisa Maria Jacinta C. Jocson, Reporter
THE PHILIPPINES’ balance of payment (BoP) surplus sharply narrowed in 2024, falling short of the central bank’s full-year projection.
Data from the Bangko Sentral ng Pilipinas (BSP) showed the full-year BoP position stood at a surplus of $609 million last year, plunging by 83.4% from the $3.672-billion surplus at end-2023.
This was also much lower than the BSP’s full-year projection of $3.5 billion.
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