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Vatican reports €62M profit, aiding Pope Leo XIV's efforts to tackle Holy See's financial crisis.
The Vatican's investment office reported a profit of €62 million in 2024, up €16 million from 2023, offering some relief as Pope Leo XIV addresses the Holy See's financial crisis.
The office directed €46 million of the profit to fund the Holy See's operating costs, with €10.5 million from investments.
The Vatican faces a €50-60 million annual deficit and a €1 billion pension fund shortfall.
It owns 4,234 properties in Italy and 1,200 abroad, but only about 20% are rented at fair market value.
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El Vaticano reporta una ganancia de 62 millones de euros, ayudando a los esfuerzos del Papa León XIV para hacer frente a la crisis financiera de la Santa Sede.