Yahoo! News: Religion News
Yahoo! News: Religion News |
- Vatican posts 2011 loss, but donations up
- Vatican posts $19 million deficit, worst in years
- Pontiff, Can You Spare a Dime: Vatican Has $19 Million Deficit
- Vatican posts ?15 million deficit, worst in years
Vatican posts 2011 loss, but donations up Posted: 05 Jul 2012 09:18 AM PDT ROME (Reuters) - The Roman Catholic Church lost 14.9 million euros last year as "the negative trend of global financial markets did not allow targets to be met," the Church said, but donations from the faithful around the world were up. The donations, known as Peter's Pence, rose 3 percent to 69.7 billion euros in 2011. Donations from dioceses to support the central structure of the Church also rose, gaining 17 percent to $32.1 million. The Vatican has posted annual losses in four out of the five past years - all but 2010. ... |
Vatican posts $19 million deficit, worst in years Posted: 05 Jul 2012 08:37 AM PDT The Vatican has registered one of its worst budget deficits in years, plunging back into the red with a €15 million ($19 million) deficit in 2011 after a brief respite of profit. |
Pontiff, Can You Spare a Dime: Vatican Has $19 Million Deficit Posted: 05 Jul 2012 07:38 AM PDT Yes, these days even the Vatican is in the red--even with a €50 million gift from the Vatican bank this year. "The Vatican has registered one of its worst deficits in years, plunging back into the red with a €15 million ($19 million) deficit in 2011," reports The Associated Press, which adds that the Vatican blamed the deficit on "high personnel and communications costs and adverse market conditions." Those costs, the AP adds, were enough to outweigh a hefty €50 million ($62. ... |
Vatican posts ?15 million deficit, worst in years Posted: 05 Jul 2012 05:16 AM PDT The Vatican has registered one of its worst deficits in years, plunging back into the red with a €15 million ($19 million) deficit in 2011 after a brief respite of profit. |
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