• Pope can’t make ends meet with a ‘no firing’ policy

    Pope can’t make ends meet with a ‘no firing’ policy

    • Feb 24, 2021

    For 2020, the Vatican ran a deficit of $60 million (the data is reported in Euro, so that’s 49.7 million Euro). The total income for the year was $315 million and expenses came to $375 million, hence the deficit.

  • Pope enacts new procurement law to combat deficits, corruption

    Pope enacts new procurement law to combat deficits, corruption

    • Jun 1, 2020

    Officials say the new rules, described as four years in the making, bring the Vatican in line with “the most advanced international legislation in the area,” including the UN’s 2003 Convention against Corruption. It’s also intended, according to a synthesis provided by the Vatican News Service, to “combat illicit deals and corruption,” as well to achieve significant cost savings though “economies of scale.”