The Philippines recorded a $2.6 billion balance of payments (BOP) deficit in April, according to the Bangko Sentral ng Pilipinas. This is higher compared to the $2 billion deficit in March.
In total, the year-to-date BOP deficit from January to April has reached $5.5 billion. This is far from the expected $2.1 billion surplus for the whole of 2025.
According to the Central Bank, they are monitoring global economic movements that affect the flow of money in and out of the country.
It is important to monitor the BOP because it shows whether the country has enough dollars for external payments, such as debt, trade, and investment.
Even though there is a deficit now, there is still hope to recover in the coming months especially if income from exports, OFW remittances, and foreign investments increases.
