South Korea's foreign reserves increased by $14.33 billion in August to reach a total of $442.28 billion, marking the largest monthly increase since data collection began in 1998. ^[1] Colombia's Ministry of Finance's 2027 budget project, presented in early September 2026, projects a fiscal deficit of 8.2% of GDP in 2026 and 9.4% in 2027. ^[2] The Petro government's 2027 budget omitted unfunded commitments and current expenses, forcing the new finance team to increase it by 60 trillion pesos to a total of 634 trillion. ^[3] The Bank of Korea announced on August 3, 2026, that it will cease publishing its monthly global ranking of foreign reserves, a practice it had maintained for over 25 years. ^[4] The Bank of Korea cited strong semiconductor exports as a primary driver of the recent increase in foreign currency deposits. ^[5] Experts estimated in early August 2026 that Colombia's fiscal deficit for 2026 would be 6.6% of GDP (about 130 trillion pesos), with the most pessimistic estimates above 7%. ^[6] The author recommends combining spending cuts, new internal resources, debt reprofiling, mandatory subscription bonds, and IMF support to address Colombia's fiscal crisis. ^[7]