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Higher public spending brings fiscal deficit to ₱120.9B in August cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
BSP posts higher net income in Q2 - BusinessWorld bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
The BSP also reported the final gross international reserves (GIR) of $104.82 billion as of end-November. Photographer: Paul Yeung/Bloomberg file The latest GIR was higher than the previous $103.8 billion. The current reserves level “represents an adequate external liquidity buffer, which can help cushion the domestic economy against external shocks,” said the BSP. “Specifically, it ensures availability of foreign exchange to meet BOP financing needs, such as for payment of imports and debt service, in extreme conditions when there are no export earnings or foreign loans,” it added. The BSP’s full-year BOP surplus projection is $12.8 billion. In 2019, the surplus position was at $7.84 billion. ....