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INFRASTRUCTURE. The Philippines' current account (CA) has been posting deficits in recent years but a ranking Bangko Sentral ng Pilipinas (BSP) official said this is not bad, noting that it was due to, among others, the increased government spending on infrastructure. BSP Department of Economic Research Managing Director Zeno Abenoja said on Friday (June 17, 2022) structural inflows, such as remittances from overseas Filipino workers and revenues from the Business Process Outsourcing sector, continue to finance the CA deficit.(PNA file photo) MANILA - The Philippines' current account (CA) is projected to post a higher deficit in the coming years but a ranking central bank official said there are structural inflows that would offset this. In a briefing on Friday, Bangko Sentral ng Pilipinas (BSP) Department of Economic Research Managing Director Zeno Ronald R. Abenoja said the country has registered CA deficits in recent years. This, however, is not a negative development becaus

Zeno ronaldr abenojaBangko sentralDepartment of economic researchEconomic research managing director zeno ronaldBusiness process outsourcingMonetary boardInfrastructure the philippines 39 current account ca has been posting deficits in recent years buta ranking bangko sentral ng pilipinas bsp official said this is not badOting that it was due toMong othersHe increased government spending on infrastructure bsp department of economic research managing director zeno abenoja said friday june 17022 structural inflowsUch as remittances from overseas filipino workers and revenues the business process outsourcing sectorOntinue to finance the ca deficit pna file photo manila philippines 39 current account is projected posta higher in coming years buta ranking central bank official said there are structural inflows that would offset this ina briefing on fridayAngko sentral ng pilipinas bsp department of economic research managing director zeno ronaldr abenoja said the country has registered ca deficits in recent years thisS nota negative development because it was due to higher goods importation increased infrastructure spendingBenoja said quot given that these investment expenditures over the past years could improve economy 39s potential capacity