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Vatican releases financial, budget data amid scandal

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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.But more than the earnings statement, the consolidated report provided the first-known publicly released.

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