We have $163,080 to go in our Fall Campaign. Every penny is used to strengthen the Church. See details!
Click here to advertise on CatholicCulture.org

Vatican finances show deficit for 2008

Catholic World News - July 06, 2009

The Vatican's financial accounts for 2008 show a deficit of €911,514 (about $1.27 million) for the operations of the Holy See, and a €15 million ($20.8 million) deficit for the Vatican city-state. For the Holy See, expenses of €255,953,869 outstripped revenues of €254,865,383.

Archbishop Velasio De Paolis, the president of the Prefecture for the Economic Affairs, presented a full economic report to a panel of cardinals at meetings in Rome on July 1-3. The report shows that the worldwide Peter's Pence collection drew in €54,387,714 ($75.72 million) during the year 2008.

There was a record number of donations to the Peter's Pence collection, but the worldwide economic slump pressed down the total value of those gifts.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Our Fall Campaign
Progress toward our year-end goal ($163,080 to go):
$200,000.00 $36,919.72
82% 18%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Fall Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

A different tone at this Synod? 11 hours ago
Church Fathers: St. Clement of Alexandria, Part I 14 hours ago
Internalizing marriage at this year's synod 16 hours ago
Gay Vatican official who 'came out' may influence Synod in a way he didn't expect--or want October 5
Another serial killer? Blame 'religious rage.' October 5

Top Catholic News

Most Important Stories of the Last 30 Days
Pope issues new rules to streamline annulment process CWN - September 8
In Cuba, Pope emphasizes service to the vulnerable, praises thaw in US-Cuban relations CWN - September 21
Pope challenges America in speech to US Congress CWN - September 24
As Synod opens, Pope calls on Church to defend ‘unity and indissolubility’ of marriage bond CWN - October 5