Thursday, July 10, 2008
THE VATICAN IS BROKE
The Holy See's balance –which includes the expenses of the different dicasteries and offices of the Roman Curia- reported incomes for 236,737,207 euros and expenses of 245,805,167 leaving a deficit of 9,067,960 euros. The posting of a deficit is a dramatic down turn from the surpluses reported 2004, 2005 and 2006, which netted a combined income of 15,206,587.
The main contributors to the Vatican’s dip into the red are Vatican Radio and the newspaper L'Osservatore Romano in their different languages, including the daily Italian edition. The two media providers required a combined 14.6 million euros for their expenses in 2007.
