Philippines posts 57 mln USD deficit in August

MANILA, Sept. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) position posted a deficit of 57 million U.S. dollars in August, lower than a deficit of 572 million dollars a year ago, the country's central bank said Tuesday.

The Bangko Sentral ng Pilipinas (BSP) said the BOP deficit in August this year reflected net outflows arising mainly from the national government's payments of its foreign cu