Vatican halves 2024 budget deficit, according to new financial statement

Much of the increase in revenue was generated by one-off realizations of investment growth.

A newly released Vatican financial statement touts a dramatic rise in income, and reports the near halving of the Vatican’s structural budget deficit.

While the statement — the first such release since 2023 — points to improvements, it does not address the significant Vatican pension deficit, and shows the Vatican is depending on short-term revenue sour…