BoP begins 2022 in deficit

By Mayvelin U. Caraballo

Feb 20, 2022 12:14 am

THE country's balance of payments (BoP) began the year in shortfall as the government continued to service its external debt, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend.

Despite the fact that the $102 million deficit in January was less than the $752 million shortfall a year before, the central bank records show that it was a an about face of the $991 million surplus in December 2021.

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