US EditionVatican Achieves Financial Turnaround with Surplus in 2024
- The Holy See announced on Nov. 26 that it closed 2024 with a 1.6 million euro surplus, marking a recovery in its first full report since 2022.
- The Holy See's statement said revenues rose by 79 million euros last year, driven by a 12% growth in external donations and a 4% rise in income from Bambino Gesù Pediatric Hospital in Rome.
- Investment returns of 46 million euros helped financial management, while the consolidated statement of the Holy See showed 1.23 billion euros income and 1.275 billion expenses, causing a 44.4 million euro deficit.
- Excluding Vatican-owned hospitals, the accounts showed a surplus of 18.7 million euros, but the report omits pension fund liabilities estimated at 631 million euros, insiders say.
- Amid calls for caution, officials said it will be necessary to confirm this progress in the coming years, with Maximino Caballero Ledo calling it significant progress on Nov. 26.
16 Articles
16 Articles
Vatican budget shortfall nearly halved in 2024
The Holy See has published its consolidated financial statement for 2024, the first complete picture of Vatican finances to be published during the pontificate of Leo XIV, and the news is mixed. On the one hand, the structural operating deficit reported for 2024 is only a little more than half that reported for 2023. The 2024 report – a high-level snapshot of the Vatican’s financial situation – showed a €44.4 million shortfall, down from €83.5 m…
Vatican Reports First Budget Surplus After Years of Deficits
The 2024 improvement is based on a significant reduction in the deficit, which fell by almost 50% from 83 million to 44 million
Vatican reports surplus in 2024 with asset sales, increased donations
VATICAN CITY (CNS) — The Vatican reported that it ended 2024 with a 1.6-million-euro surplus ($1.85 million) compared to a deficit of 51.2 million euros ($59.3 million) in 2023. Its operational deficit, while not eliminated, was reduced almost by half from 83.5 million euros ($96.8 million) in 2023 to 44.4 million euros ($51.5 million) in 2024. This improvement “represents significant progress in consolidating the Holy See’s economic situation,”…
The horse care of Vatican finances subjected for years to a drastic spending review but above all the arrival of abundant donations due to the Jubilee, gave the first tangible...
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