{
    "success": true,
    "data": {
        "id": 1537398,
        "msgid": "rp-suffers-234b-deficit-1447893297",
        "date": "1997-10-17 00:00:00",
        "title": "RP suffers $2.34b deficit",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "RP suffers $2.34b deficit MANILA (AFP): The Philippines' balance of payments plummeted 178 percent from the previous year to a 2.345 billion-dollar deficit in the seven months to July, figures from the Finance Department showed Thursday. The plunge was a reversal from the 3.0 billion-dollar surplus in the same period in 1996. Sources at the department attributed the fall to the widening trade deficit and the outflow of foreign funds following a region-wide currency crisis.",
        "content": "<p>RP suffers $2.34b deficit<\/p>\n<p>MANILA (AFP): The Philippines' balance of payments plummeted<br>\n178 percent from the previous year to a 2.345 billion-dollar<br>\ndeficit in the seven months to July, figures from the Finance<br>\nDepartment showed Thursday.<\/p>\n<p>The plunge was a reversal from the 3.0 billion-dollar surplus<br>\nin the same period in 1996.<\/p>\n<p>Sources at the department attributed the fall to the widening<br>\ntrade deficit and the outflow of foreign funds following a<br>\nregion-wide currency crisis.<\/p>\n<p>The balance of payments is a system of accounts setting out a<br>\ncountry's transactions with the outside world. A deficit or<br>\nsurplus refers in an imbalance in one or more of these accounts<br>\nand usually reflects the amount a government's foreign exchange<br>\nreserves have been depleted or increased.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rp-suffers-234b-deficit-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}