BoP deficit hits record $7.3B

By Eireene Jairee Gomez

Jan 20, 2023 12:25 am

THE country's overall balance of payments (BoP) payments position hit a record deficit last year following a surplus in 2021, Bangko Sentral ng Pilipinas (BSP) data showed on Thursday.

The full-year 2022 BoP shortfall of $7.3 billion was the highest since 2000 based on BSP figures. The previous peak was a $2.858-billion gap in 2014.

A photo of the Bangko Sentral ng Pilipinas Headquarters in Malate, Manila. TMT FILE PHOTO

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