The Colombian peso holds near 3,157 per dollar as President Abelardo de la Espriella takes office with a 7.8% deficit to tackle. Where the Colombian Peso StandsThe Colombian peso’s official TRM sits at 3,157.43 per US dollar for August 8–10. He publicly cited a fiscal deficit of 7.8% of GDP. He took office amid a fiscal deficit of 7.8% of GDP. How large is Colombia’s fiscal deficit?