Increase in ‘Peter’s Pence’ in 2009
Annual donations to the Church worldwide through the Peter’s Pence collection amounted to €65.5m (£55m) last year, an increase by nine percent, the Vatican has said.
Releasing its annual financial report, the figures for 2009 show that overall the Vatican suffered a deficit of €4.1m (£3.4m).
Although the overall revenue amounted to €250.2m (£210m), there was a shortfall, as outgoings amounted to €254.3m (£213.4).
Most of the Vatican’s outlay covers the activities of Pope Benedict and services such as Vatican Radio.
Last year the Vatican also faced costly improvements in its telecommunication system while restoring cultural treasures and a hike in security costs added to the bill.
The Vatican began publishing annual financial reports in 1981 when Pope John Paul II set out to challenge perceptions that the Vatican was rich.