Financial inflows from Overseas Filipino Workers saw a 4% rise in April, reflecting steady support for families back home.
According to official data released by the Philippine government, remittances sent by Overseas Filipino Workers (OFWs) increased by 4 percent in April compared to the previous year. This rise highlights the continued financial contribution of Filipinos working abroad to their families and the national economy. The government emphasizes the importance of these remittances as a vital source of foreign exchange and an economic stabilizer. While the data reflects positive growth, authorities continue to monitor the situation amid global economic fluctuations. The increase in remittances also underscores the resilience of Filipino workers overseas, including those employed in key markets such as Greece, India, and the Middle East.
Sources referenced:
- https://pna.gov.ph
