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The Vatican closed out 2020 with a deficit of 66.3 million euros ($78 million), which was better than projected and even lower than pre-pandemic 2019.
The Vatican’s economy minister, the Rev. Juan Antonio Guerrero Alves, credited lower spending and a milder-than-expected drop in revenues for the results.
According to figures released Saturday, Â the shortfall was narrower than the range forecast by the Vatican, which was between 68 million euros and 146 million euros.
It was also lower than the 79.2-million-euro deficit recorded in 2019.
Vatican closes 2020 with shortfall, but better than forecast.https://t.co/ft0vd1q7bg
— CBS 21 News (@CBS21NEWS) July 24, 2021
