MANILA -The Philippines' balance of payments (BOP) swung back to a deficit of $148 million in April, but narrower than $415 million in the same month of 2022, as the national government took on more foreign debt than it paid existing borrowings. The BOP position has been alternating between deficit and surplus month after month since a $2.3-billion deficit was posted in September 2022. Also, data at the Bangko Sentral ng Pilipinas (BSP) show that the results for April meant a swing away from the $1.

https://business.inquirer.net/402042/ph-posted-148-m-external-deficit-in-april

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