Vatican reports $78 million deficit, releases property report – UCA News

The Vatican has reported the Roman Curia had a US$78 million deficit in 2020, while the Administration of the Patrimony of the Holy See, which administers Vatican properties and investments, made a summary of its annual budget public for the first time. Releasing both reports on July 24, the Vatican said the coronavirus pandemic had a serious negative impact on its financial situation, including the 66.3 million euros ($78 million) deficit in the consolidated budget report for 2020. In an interview with Vatican News, Bishop Nunzio Galantino, president of the Administration of the Patrimony of the Holy See, known by its Italian initials APSA, said making the budget synthesis public was “a step forward in the direction of transparency and sharing.”

Vatican reports $78 million deficit, releases property report – UCA News

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