ROME – The Vatican released a detailed budget, balance sheet and earning statement for the first time ever Thursday as it seeks to reassure Catholics amid a corruption scandal that has exposed its shoddy financial management.
The data marked the first time since 2016 that the Vatican has released any information about its finances, despite pledges by Pope Francis from the start of his pontificate in 2013 to be more transparent and accountable.
The data showed that the Vatican bureaucracy had narrowed its deficit to 11 million euros from 75 million euros in 2018, despite a continued fall in donations from dioceses and individuals alike.
Astonishingly, the Congregation for the Doctrine of the Faith - in recent decades perhaps the best-known Vatican office because it processes all clergy sex abuse cases - operates on an annual budget of 3.36 million euros.
That represents 1% of the Curia’s budget for its apostolic work, far less than what is budgeted for the Vatican's Apostolic Library or Archives.