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Vatican announces upward profit its:
The Vatican, faced with a heavy budget deficit, announced on Monday a profit of 62.2 million euros on its financial and real estate assets in 2024, up more than 35% over one year.
ATS
The Administration of the Heritage of the Apostolic Headquarters (APSA) recorded an extraordinary profit of 62.2 million euros, or 16 million more than in 2023, according to its annual assessment published Monday.
This result makes it possible to allocate an extraordinary contribution of 46.1 million euros (eight million more than in 2023) to vatican announces upward profit its cover the needs of the Holy See. Consequently, the deficit of the Roman Curia, its central government, for the payment of wages and the purchase of goods and services.
This is “one of the best balance sheets in recent years. ” commented the president of APSA, Mgr Giordano Piccinotti, with the Vatican media.
The Vatican. which has a prestigious real estate heritage, declares 4,234 real estate, managed by APSA in Italy and around 1200 abroad, notably in Paris, London, Geneva and Lausanne.
Created in 1967. APSA has published its annual financial report since 2021 since 2021, as part of transparency and sanitation efforts by Pope Francis (2013-2025) in the face of the multiplication of financial scandals.
François had deeply reformed the Vatican finances. but the Holy See was faced with a chronic budget deficit over the years of his pontificate with a drop in donations vatican announces upward profit its from the faithful.
His successor. Léon XIV, elected in May, has among his main challenges the delicate recovery of the Vatican finances, whose structural deficit is estimated at more than 70 million euros per year for a budget of one billion euros.
In June. the Vatican, however, announced the increase in donations made to the Pope to support charitable missions, from 52 million euros in 2023 to 58 million in 2024.
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vatican announces upward profit its — Vatican announces upward profit its: The Vatican, faced with a heavy budget deficit, announced on Monday a profit of 62.2 million euros on its financial and real estate assets in 2024, up more than 35% over one year. The Vatican records an increased profit. (archive) .
Vatican announces upward profit its
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