Manila, Feb. 20 -- The country's balance of payments (BOP) position posted a deficit of USD4.1 billion in January this year, the Bangko Sentral ng Pilipinas (BSP) said.

Data released by the BSP late Wednesday showed the BOP deficit last month was higher than the USD740 million deficit recorded in January last year.

The BOP summarizes a country's economic transactions with the rest of the world for a specific period.

The overall position can be in surplus, deficit, or balance.

"The BOP deficit in January 2025 reflected the Bangko Sentral ng Pilipinas' (BSP) net foreign exchange operations and drawdowns by the national government on its foreign currency deposits with the BSP to meet its external debt obligations," the BSP said.

The BSP...