However, last month’s deficit was a reversal of the $2 billion surplus recorded in May.
“The BOP deficit in June 2024 reflected outflows arising mainly from the national government’s payments of its foreign currency debt obligations,” the central bank said.
The BOP is the difference in total values between payments into and out of the country over a certain period.
A deficit means that more dollars flowed out to pay for the importation of more goods, services and capital than what came in from exports, remittances from overseas Filipino workers, business process outsourcing earnings and tourism receipts.
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Esta historia es de la edición July 20, 2024 de The Philippine Star.
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Sara moves to terminate fund misuse probe
Vice President Sara Duterte appeared at yesterday’s hearing of the House committee on good government and public accountability, but refused to take her oath and requested the committee to terminate the hearing on the past expenditures of her office.
Marcos: Cough, cold won't slow me down
President Marcos has a cough and cold, but assured the public that his situation would not slow him down.
Monsoon, Ferdie, Gener leave 20 dead, 14 missing
Twenty people were killed while 14 others remain missing due to the combined effects of the enhanced southwest monsoon and tropical cyclones Ferdie and Gener, the National Disaster Risk Reduction and Management Council (NDRRMC) said yesterday.
Former PS-DBM exec in Pharmally mess nabbed
NO SP TREAT Un the re person Pre Sara D refu take he duri hea the com ΟΙ gover and accoun The Department of Foreign Affairs (DFA) is looking at filing a resolution with the United Nations General Assembly or UNGA to address the escalating tension in the West Philippine Sea due to China's continuous aggression.
Qualified trafficking raps filed vs Alice Guo
The Department of Justice (DOJ) filed on Tuesday before a Pasig Regional Trial Court (RTC) a qualified human trafficking case against dismissed Bamban mayor Alice Guo over her alleged involvement in the Philippine offshore gaming operator (POGO) hub raided in her municipality.
PNP: Harry Roque still in Phl
Harry Roque is still in the country, the Philippine National Police (PNP) said yesterday, as the manhunt for the former presidential spokesman intensified following an arrest order issued by the quad committee of the House of Representatives.
Comelec expects last-minute surge in voter registration
As the end of the voters’ registration nears on Sept. 30, the Commission on Elections (Comelec) sees a surge in the number of aspiring voters filing their applications.
Marbil: 24 ex-PNP chiefs probed over Guo ties
An investigation is underway on 24 former chiefs of the Philippine National Police (PNP) to find out who may have aided dismissed Bamban, Tarlac mayor Alice Guo escape.
Outstanding public servants cited
President Marcos yesterday awarded outstanding public servants.
Sara wishes Willie Ong 'speedy, complete' recovery
Setting aside past political differences, Vice President Sara Duterte has wished health advocate and cardiologist Willie Ong \"a speedy and complete recovery.
