The Vatican called for sweeping reforms to a global financial system it says punishes the poor and rewards the powerful.

The Holy See continues to face financial challenges, with recent annual deficits estimated between $80 billion and $90 billion. Its income in 2024 was estimated about $1.25 billion, with expenses ...

VATICAN CITY (RNS) — After sweeping financial reforms and the economic challenges of the COVID-19 pandemic, the Vatican has reported a positive balance, even as it continues to struggle to ...

Pope Leo XIV addresses the crowd at St. Peter's Basilica for the first time on May 8, 2025. TIZIANA FABI/AFP via Getty Images What To Know. Francis in February established a new commission to ...

The Catholic Church’s financial deficit only grew under Francis, and mere months before he died, Francis warned in a letter that the Vatican’s pension fund was in serious trouble and would ...

As America's Pope Leo XIV begins his reign at the head of the world's smallest country, this Catholic sovereign city-state's financial and economic challenges wait to be addressed. It may take more ...

VATICAN CITY, May 8 (Reuters) - Pope Leo XIV, the 267th leader of the global Catholic Church and the first U.S. pontiff, will face a number of major challenges following his surprise election on ...

Pope Leo XIV is leading a revitalized campaign to boost donations for Peter's Pence, a fund supporting Vatican's operations ...

Although the Vatican hasn't published a full budget report since 2022, the last set of accounts, approved in mid-2024, included an 83-million-euro ($94-million) shortfall, two knowledgeable ...

The Vatican's financial watchdog, ASIF, has reported progress in its oversight role, with 79 suspicious activity reports received in 2024, a significant 36% decrease from the 123 reports in 2023.