Vatican City, Jul 6, 2009 / 14:28 pm
The Council responsible for studying the Vatican’s finances announced over the weekend that the Holy See has reported a deficit of about 900,000 euros for 2008, a fraction of the previous year’s deficit.
The Council of Cardinals for the Study of Organizational and Economic Problems of the Holy See met at the Vatican from July 1 to 3, under the presidency of Cardinal Secretary of State Tarcisio Bertone S.D.B.
This past Saturday, the Council published a communique explaining the 2008 consolidated financial statements for the Holy See, the Governorate of the Vatican City State, and donations to Peter’s Pence.
The communique shows a deficit of 911,514 euros for the Holy See, the difference between an income of 253,953,869 euros and expenses of 254,865,383 euros.