Reported about 16 hours ago
The Vatican, facing significant financial issues, primarily relies on dwindling donations, museum ticket sales, and underperforming investments to fund its operations. With a budget shortfall projected at 770 million euros for 2022, Pope Leo XIV is tasked with finding new revenue sources. While traditional donations like Peter's Pence have declined, there is potential in the Vatican's extensive real estate holdings, which largely go underutilized. Analysts suggest that diversifying income through better management of these assets and appealing to a broader donor base outside the U.S. is essential for financial recovery.
Source: YAHOO