THE Bangko Sentral ng Pilipinas (BSP) on September 30 released data, based on the preliminary Philippine Balance Sheet Approach in the first quarter (Q1) of 2024, the country's net external liability position totaled P3 trillion, or 17.1 percent higher than the P2.6 trillion posted in the fourth quarter (Q4) of 2023.
This was due to the higher net external liability positions of nonfinancial corporations and the general government, the BSP said.
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