Vatican pension deficit estimated at 1.4 billion euros — 10 years ago

Vatican officials warned the fund would be 'unmanagable' in a decade, ten years before Pope Francis warned of 'difficult decisions' to come.

Signage outside the Holy See’s Secretariat for the Economy. Pillar image.

The Holy See pension fund had an unfunded liability of almost 1.5 billion euros a decade ago, according to internal Vatican financial reports obtained by The Pillar.

The same documents show that Vatican financial authorities proposed measures to address the pension problem in 2015, …