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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, 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
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