July 12, 2010.
The Holy See and Vatican City State are no exceptions to the economic downturn: Both posted financial losses for 2009.
The Holy See suffered financial losses of $5.2 million for 2009. Its operations include the pope's activities and various media outlets: Vatican Radio, L'Osservatore Romano and Vatican Television Center. All are funded by donations from diocese, religious congregations and the faithful.
The Vatican City State Governorate reported a deficit of $9.9 million last … [More]