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The Vatican has cut its deficit by over €13 million

The financial disclosure for 2016 is expected in July.

Pope Francis speaks with Cardinal Gianfranco Ravasi, President of the Pontifical Council for Culture, on the occasion of an audience with the participants of an international meeting on sacred music.
Pope Francis speaks with Cardinal Gianfranco Ravasi, President of the Pontifical Council for Culture, on the occasion of an audience with the participants of an international meeting on sacred music.
Image: L'Osservatore Romano/Pool Photo via AP

THE VATICAN HAS issued new figures showing it narrowed its deficit by half in 2015 to €12.4 million.

That compares with a deficit of €25.6 million in 2014. The Vatican released the figures for 2015 but didn’t include fuller details as it has in previous years, citing a transition in its financial accounting system that also delayed disclosure of the 2015 figures.

The Vatican also reported €24 million in contributions from Roman Catholic dioceses, up from €21 million a year earlier, and €50 million from the Vatican bank, the same as the previous year.

The Vatican city-state, which includes the post office, museums and other activities, posted a surplus of €59.9 million, down 6% from the year before. The Vatican didn’t offer details like how much the museum earned or personnel costs.

The financial disclosure for 2016 is expected in July.

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