Pedestrians walk as they shop at a market in Manila on January 26, 2022. (Photo by JAM STA ROSA / AFP)
Manila: The Philippines' balance of payments (BOP) registered a 827 million U.S. dollars deficit in December 2025, bringing the full-year outcome to a 5.7 billion dollars deficit, the country's central bank said.
The Bangko Sentral ng Pilipinas (BSP) said on Monday that the country's gross international reserves (GIR) reached 110.8 billion dollars as of end-December 2025.
"This level of reserves remains an adequate external liquidity buffer, equivalent to 7.4 months' worth of imports of goods and payments of services and primary income," said the BSP, adding that it covers about 3.9 times the country's short-term external debt based on residual maturity.
The BOP accounts for the country's transactions with the rest of the world. GIR are made up of foreign-denominated securities, foreign exchange, and other assets, including gold.
