Catholic World News

Holy See’s budget deficit quadrupled in 2009

July 12, 2010

The Holy See’s 2009 budget showed a deficit of €4,102,156 ($5,186,556), four times 2008’s figure of $1.27 million, according to a statement released July 10 by the Council of Cardinals for the Study of the Organizational and Economic Problems of the Holy See. Revenues in 2009 totaled €250,182,364 euro ($316,317,777), and expenses totaled €254,284,520 ($321,504,333).

The separate budget for the Vatican City State also showed a deficit of €7,815,183 ($9,881,117), a figure approximately half that of the previous year.

The 2009 Peter’s Pence collection totaled $82,529,417, with the United States, Italy, and France being the leading sources of donations.

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