Vatican deficit blamed on 'global crisis'

by Dennis Coday

View Author Profile

dcoday@ncronline.org

Join the Conversation

Send your thoughts to Letters to the Editor. Learn more

With all the buzz over the meta-economic story, Benedict XVI's encyclical and the global economy, you might have missed the micro-economic story: Vatican City reports $22 million deficit. Vatican City is the secular state.

News was a bit brighter for the Holy See, the episcopal jurisdiction of the pope, reported a loss of merely $1.3 million, down from $14 million in 2007.

Latest News

Advertisement

1x per dayDaily Newsletters
1x per weekWeekly Newsletters
2x WeeklyBiweekly Newsletters