Home » Religion » Pontiff, Can You Spare a Dime: Vatican Has $19 Million Deficit

Pontiff, Can You Spare a Dime: Vatican Has $19 Million Deficit

Yes, these days even a Vatican is in a red–even with a €50 million present from a Vatican bank this year. “The Vatican has purebred one of a misfortune deficits in years, plunging behind into a red with a €15 million ($19 million) necessity in 2011,” reports The Associated Press, that adds that a Vatican blamed a necessity on “high crew and communications costs and inauspicious marketplace conditions.” Those costs, a AP adds, were adequate to transcend a large €50 million ($62.2 million) concession from a financially ghastly Vatican bank and increasing donations. 

Source: Article Source


Filed under Religion and tagged , .

Leave a Reply