GIR falls to $99.5 billion, BoP deficit nears forecast
The Philippines’ gross international reserves fell to $99.5 billion at end-September, their lowest monthly level since September 2023, while the balance of…
· 2 MIN READ
Topic
deficit
Latest Daily Tribune news and analysis on deficit.
BSP sees BOP deficits in 2026 and 2027
The Philippines’ balance of payments (BOP) deficit is projected to reach $9.2 billion this year and $8.5 billion in 2027 as elevated oil prices, transport…
· 2 MIN READ
BoP deficit widens to $5.9B in August
The Philippines’ balance of payments deficit widened to $5.9 billion in the first eight months of 2026, while gross international reserves rose to a five-month…
· 2 MIN READ
BoP deficit narrows 33% to $3.9 billion
The BSP said this was supported by a net reduction in resident banks’ loan claims on nonresidents, along with higher foreign loan availments by domestic banks…
· 2 MIN READ
Debt curse upon Filipinos
The next occupant of the Palace will spend years paying for choices made now.
· 2 MIN READ
Remolona backs Pax Silica to support exports, peso
BSP Governor Eli Remolona Jr. says Pax Silica could boost Philippine exports and ease pressure on the peso, but warns the currency is unlikely to return to P60…
· 2 MIN READ
Gov’t spending accelerates nearly 20 percent in July — BTr
Philippine government spending jumped 19.82 percent to P588.6 billion in July, widening the monthly budget deficit to P106.3 billion amid higher program and…
· 2 MIN READ
China tops imports as U.S. leads exports
China remained the Philippines’ top import source while the US led export markets in July, as total trade rose 16.3 percent and the deficit widened to $5.97…
· 1 MIN READ
Dark days ahead
Inflation has reared its ugly head, with 2026 estimates projected to be 6-7 percent, way above the government’s earlier target of 3-4 percent.
· 3 MIN READ
Philippine reserves hit 1.5-year low
The Philippines’ gross international reserves (GIR) declined to $103.3 billion at the end of July from $104.7 billion a month earlier, while the country posted…
· 2 MIN READ
Budget deficit widens despite strong tax collections
The national government’s budget deficit widened to P198.5 billion in May as lower non-tax revenues offset strong tax collections, according to the Bureau of…
· 2 MIN READ
Ube eyed to trim $10-B farm trade gap
The Philippine government is boosting ube production and exports as part of efforts to reduce the country’s $10-billion agricultural trade deficit, with over…
· 1 MIN READ
Wembanyama embraces NBA Finals challenge
'The challenge was mostly about will, the will to do it,' he said. 'I feel like I'll take a breather at the end of the season.'
· 2 MIN READ
Reserves fall amid peso weakness
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BSP sees wider deficits through 2027
The BoP deficit is projected to reach $7.8 billion in 2026 and $8.5 billion in 2027, or 1.5 percent and 1.6 percent of GDP, respectively, and deeper than the…
· 2 MIN READ
BoP deficit widens to $2.7 billion even as GIRs continue to rise
Despite the deficit, the country’s gross international reserves rose to a new record high of $113.3 billion as of end-February 2026, up from $112.7 billion in…
· 2 MIN READ
Writing on the wall
The Philippine government’s 11-month 2025 fiscal report shows a P1.26-trillion deficit as spending outpaces revenues, raising concerns over borrowing,…
· 3 MIN READ