Pope Francis cuts Vatican media budget by 50%, citing need for financial discipline and support reduction.

Pope Francis has announced budget cuts for the Vatican's multilingual media operations as part of a financial strategy aimed at addressing a past deficit of 83 million euros. He urged media staff to adopt financial discipline and seek additional funding, noting that the Holy See can no longer sustain current support levels. The Vatican's media budget for 2022 is approximately 40 million euros, exceeding the costs of its diplomatic efforts.

October 31, 2024
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