By Justine Irish D. Tabile, Senior Reporter
THE Philippines’ balance of payments (BoP) deficit widened in March, driven by the elevated trade gap and heightened geopolitical uncertainty, Bangko Sentral ng Pilipinas (BSP) data showed on Monday.
The country’s BoP position stood at a $2.637-billion deficit last month, ballooning from the $1.966-billion gap in the same month in 2025 and the $2.277-billion gap in February.
March marked the fifth straight month that the country’s BoP position was in a deficit. It was the largest BoP deficit in 14 months or since the $4.078-billion gap recorded in January 2025.
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