Bangko Sentral ng Pilipinas. (File photo / Philippine Daily Inquirer) The Philippines' balance of transactions with the rest of the world remained tilted to a deficit for the fourth month in a row in July, but the lowest for that period at $53 million, according to the Bangko Sentral ng Pilipinas (BSP). The latest balance of payments (BOP) deficit readout is much lower than the $1.6 billion in July 2022 as well as the $606 million last June. 'The BOP deficit in July 2023 reflected net outflows arising mainly from the national government's payments of its foreign currency debt obligations,' the BSP said in a statement.

https://business.inquirer.net/417010/bop-deficit-narrowed-to-53m-in-july-says-bsp

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