Back In The Black

What’s the Vatican’s annual budget?

In the last annum it was 202,581,446 euros, which is about 242 million dollars. That’s good, because total income was 205,663,266 euros (246 million dollars), which means that they were 4 million dollars in the black (after several years of being in the red).

While the Holy See has a lot of non-monetary assets (buildings, for example), its actual budget is fairly small. For example, back in 2002 the budget for the Archdiocese of Los Angeles was $600 million dollars (SOURCE). Put another way, the Vatican’s 2004 budget was only the size of 35 Catholic Answerses.

Where does the money go?

"A large part of the expenditure," said Cardinal Sebastiani, "is made up of the expenses of dicasteries and organizations of the Roman Curia which assist, each in its own way, the Roman Pontiff in his pastoral service to the Universal Church and to the particular Churches. … A total of 2,663 people work in the Roman Curia, of whom 759 are ecclesiastics, 346 religious and 1,558 lay people. Pensioners number 1,429."

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Author: Jimmy Akin

Jimmy was born in Texas, grew up nominally Protestant, but at age 20 experienced a profound conversion to Christ. Planning on becoming a Protestant seminary professor, he started an intensive study of the Bible. But the more he immersed himself in Scripture the more he found to support the Catholic faith, and in 1992 he entered the Catholic Church. His conversion story, "A Triumph and a Tragedy," is published in Surprised by Truth. Besides being an author, Jimmy is the Senior Apologist at Catholic Answers, a contributing editor to Catholic Answers Magazine, and a weekly guest on "Catholic Answers Live."