According to report the previous financial year 2018-19 has recorded trade deficit
The BSP now expects the Philippines to book a BOP surplus of $3.7 billion this year, reversing the $2.3 billion deficit
recorded in 2018.
'The current account deficit
has dropped but it still remains elevated,' Arif Habib Limited Head of Research Samiullah Tariq said while talking to The Express Tribune.
On the other hand, financing current account deficit
by speculative short-term and external debt-increasing hot money inflow may pose a big danger for economy.
Pakistan's central bank raised its key interest rate by 150 basis points to 12.25 percent on Monday, citing continuing inflationary pressures, a high fiscal deficit
, and recent exchange rate depreciation.
Once the data has been adjusted and the Eurostat validation process has been completed, the 2018 deficit
figure for the Kingdom of Spain stands at 29,982 million, representing 2.48% of GDP.
However, despite shrinking current account deficit
, the size of trade deficit
remained as large as $23.84bn.
for the first five months of the federal fiscal year (October 2018 to February 2019) comes to $544.2 billion, up nearly 40 percent from the same period in 2017, according to Treasury.
The overall BOP deficit
for the month of October only was lower at $458 million compared to September's $2.70 billion deficit
The continued deficit
for October brought the 10-month BoP position of the country to a deficit
of $4.494 billion.
This stems from the autumn notification of the deficit
and debt from Eurostat, which thus reduced the originally reported government deficit
of Slovakia from the spring notification by 0.26 percentage point.
Diokno told reporters the government even expected the actual fiscal deficit
to go below 3 percent.