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The Vatican's balance sheet showed a deficit of $78 million in 2020.
The Vatican said Friday it plans to lower operational expenses by 8% in 2021, while it relies on donations and funds from Peter’s Pence to contain a growing deficit amid the coronavirus crisis.
The Vatican’s prefect of the Secretariat for the Economy and auditor general signed a memorandum of understanding Friday on the fight against corruption.
Pope Francis on Thursday named 13 new members to the Council for the Economy, which oversees Vatican finances and the work of the Secretariat for the Economy.
Pope Francis Wednesday moved the office of the Vatican’s financial records database under the management of the Secretariat for the Economy – reversing a decision he made in 2016.