Vatican Reports $5.1 Million Deficit on Communication Costs
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The Vatican reported a budget deficit of 4.2 million euros ($5.1 million) last year as expenses to fund its radio station and other media projects more than offset revenue from investments and donations.
The Holy See, the central administration for the Roman Catholic Church, had revenue of 250.1 million euros and expenses of 254.3 million euros, its press office said today in a statement. While the Vatican didn’t publish year-earlier figures today, it reported a 2008 deficit of 911,500 euros in July 2009.