BSP sees wider current account deficit this year, 2026

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Bangko Sentral ng Pilipinas (Philstar file photo)

MANILA — The Philippine central bank forecasts the country’s current account balance to be at a deficit of 3.9% of gross domestic product this year and next, slightly wider than the previous year’s preliminary estimate of 3.8%.

The balance of payments is projected to be at a deficit of $4.0 billion, or 0.8% of GDP in 2025, and $4.3 billion, or 0.8% of GDP in 2026, the central bank said in a statement.

—Reporting by Mikhail Flores and Karen Lema; Editing by Martin Petty