Vatican figures show deficit halved

Vatican euros

The Vatican has issued new figures showing it narrowed its deficit by half in 2015 to 12.4 million euros ($17.3 million), AAP reports in Yahoo7.

The figures compare with a deficit of 25.6 million euros in 2014. The Vatican released the figures for 2015 on Saturday but didn't include fuller details as it has in previous years, citing a transition in its financial accounting system that also delayed disclosure of the 2015 figures.

The Vatican also reported 24 million euros in contributions from dioceses, up from 21 million euros a year earlier, and 50 million euros from the Vatican Bank, the same as the previous year.

The Vatican city-state, which includes a post office, museums and other activities, posted a surplus of 59.9 million euros, down 6 per cent from the year before.

The Vatican didn't offer details such as how much the museums earned or personnel costs. The financial disclosure for 2016 is expected in July.

PHOTO

Vatican City’s 2015 commemorative €2 coin. (European Commission)

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Vatican figures show deficit halved (Yahoo 7/AAP)

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