VATICAN CITY (CNS) — After three years in the black, the Vatican reported a $14 million deficit for 2007, due mainly to the continued fall in the value of the U.S. dollar and the poor performance of the stock market.
The budget of Vatican City State, which includes the Vatican Museums and post office, ended 2007 with a surplus of $10.5 million, the Vatican said in notes on the budgets released July 9.