Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Nicole Winfield

Vatican reports income boost in charitable fund, even as donations dip following financial scandals

Copyright 2023 The Associated Press. All rights reserved

The Vatican on Friday reported that a key charitable fund, Peter's Pence, doubled its income in 2022 to 107 million euros, or more than $166 million, even as donations from the faithful dipped slightly following years of scandal over financial mismanagement at the Holy See.

Overall, the Peter’s Pence fund, which finances the Vatican bureaucracy and the pope’s charitable projects around the world, ended 2022 with 11.5 million euros in surplus compared to an 18.4 million-euro deficit in 2021. That year, it only brought in 46.9 million euros in income, according to the financial statement.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.