Jul 10, 2010 4:21 PM by Chris Welty

Vatican Posts $5.2 Million Loss but Donations Up

VATICAN CITY (AP) - The Vatican has posted its third straight
financial loss, registering a euro4.1 million ($5.2 million) deficit
for 2009.
The financial report released Saturday by the Holy See's press
office listed revenues of euro250.18 million against expenses of
euro254.28 million. Most of the expenses went to support Pope Benedict
XVI's activities and Vatican offices, especially Vatican Radio.
In 2008, the Vatican was euro900,000 in the red; a year earlier it
posted a euro9.06 million deficit.
The Vatican said annual donations from churches worldwide, the
so-called Peter's Pence, were up significantly: In 2009, Catholics
donated $82.52 million, up from $75.8 million in 2008 and $79.8
million in 2007. Leading donors were the U.S., Italy and France.


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