Vatican releases financial balance sheet

The Prefecture for Economic Affairs has released a full 2019 balance sheet, showing a deficit of €11 million ($12.9 million) on a total 2019 budget of €318 million ($373 million). The deficit is considerably less than the previous year’s. Due to the pandemic, next year’s deficit will grow, since revenues are expected to drop anywhere from 39% to 80%.

 

 

 



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