BSP lowers BoP surplus estimate

By Mayvelin U. Caraballo

Sep 18, 2021 1:50 am

THE Bangko Sentral ng Pilipinas (BSP) has lowered its projection for the country's balance of payments (BoP) surplus this year after taking into account the rapid spread of the Covid-19 Delta variant and vaccine supply concerns.

Zeno Ronald Abenoja, managing director of the central bank's Department of Economic Research, said at a briefing on Friday that the BoP surplus was now expected to be $4.1 billion this year, or 1.1 percent of the country's gross domestic product (GDP).

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