CURRENT account deficit projections for 2024 and 2025 were widened by the Bangko Sentral ng Pilipinas (BSP) under new balance of payments (BoP) estimates released on Friday.
The current account — a record of the country's transactions with the rest of the world — is now expected to have hit a $10.4-billon shortfall last year, up from the $6.8-billion assumption announced in September but still smaller than the 2023 result of $11.8 billion.
The Bangko Sentral ng Pilipinas seal is seen along Roxas Boulevard in Manila. PHOTOS BY J. GERARD SEGUIA