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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The Vatican has cut its deficit by over €13 million

Read: These were the 796 children who died at Tuam Mother and Baby Home

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.