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balance of payments
Dollar debt payments swell May balance of payments to $1.6 billion
BoP swells to $10.3 billion, tops new projection
THE surplus from the country’s dollar transactions against the rest of the world in the first 10 months of 2020 surpassed the already revised projection for the year despite the economic disruptions brought by the pandemic.
BOP deficit narrowed in January
The country’s balance of payments (BOP) deficit narrowed to $9 million in January, from the $214 million registered in December 2016, latest data from the Bangko Sentral ng Pilipinas (BSP) showed.
PHL misses 2016 BOP target
The country’s balance of payments (BOP), or the sum of the Philippines’s trade transactions with the rest of the world, fell into the deficit territory at the end of 2016, missing the projection for the year and reversing gains seen in 2015.
BoP plunges into deficit as more dollars exit PHL
The Philippines continued to bleed millions of dollars in its overall transactions with the rest of the world, with November registering the worst month for dollar outflows that put the country’s year-to-date balance of payments (BoP) in the negative territory.
Shortfall in B.O.P. position to push peso value down
The country’s balance of payments (BoP) position could see further shortfalls in the next months following an undesirable trade performance and aggravated by the needed imports for the government’s infrastructure projects.
The hole we created
In recent days a fair amount of the discussion on economic issues centered on the current account, which is a component of the balance of payments that signals the direction of trade, and had been in a state of surplus since 2003. The current-account surplus had been a source of pride among the monetary authorities, mostly because it has counterbalanced the impact of the budgetary shortfalls in the fiscal sector the past 10 years, for example. The literature on national economies is filled with horror stories about the twin deficits in the current account and the government budget program.