Lockdown heightens Vatican’s financial troubles
April 29, 2020
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CWN Editor's Note: The CO19 lockdown has aggravated the financial problems of the Vatican, which was already facing a serious budget deficit. With pilgrimages and tourism halted, the main sources of Vatican income have dried up. (The closing of the Vatican Museums alone will mean at least $10 million in lost revenue.) For the last fiscal year, the Vatican’s budget deficit was $77 million.
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