MANILA, May 27 (Xinhua) -- The Philippines' overall balance of payments (BOP) recorded a surplus of 2.61 billion U.S. dollars in April, higher than the 1.67 billion U.S. dollars BOP surplus recorded in the same month last year, the Philippine central bank said.

The Bangko Sentral ng Pilipinas (BSP) attributed the BOP surplus in April to inflows arising mainly from the national government's bond issuance deposited with the BSP.

In a statement released on Wednesday, the BSP said the BOP surplus in April reduced the cumulative BOP deficit for January-April to 231 million U.S. dollars.

"Based on preliminary data, this cumulative BOP deficit was partly due to the country's merchandise trade deficit and net outflows of foreign portfolio investments," the central bank said. Enditem

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