Philippines' BoP returns to deficit in September

The Philippines' balance of payments (BoP) reverted to a deficit of $412 million in September 2021 due to government debt repayments.

This marks a reversal from the surplus of $2.1 billion recorded in September 2020 and $1.044 billion in August 2021.

The BoP deficit for the first nine months of 2021 stands at $665 million, compared to a surplus of $6.878 billion in the same period in 2020.