Q: What was the Holy See’s financial result for the 2024 fiscal year?
A: The Holy See reported a financial surplus of 1.6 million euros ($1.86 million) for the 2024 fiscal year.
Q: How does the 2024 result compare to the previous year?
A: This is a significant improvement from the 2023 fiscal year, which saw a deficit of 51.2 million euros ($59.5 million).
Q: What contributed to the Holy See’s financial improvement?
A: The improvement is due to a nearly 50% reduction in the operating deficit, driven by increased revenue from donations and hospital management, and strict cost control.
Q: How are the Holy See’s funds allocated for its mission?
A: A total of 393.29 million euros ($457 million) is allocated for the apostolic mission, with 83% concentrated in five strategic areas, including support for local Churches and evangelization.
Q: Is the reported surplus sustainable in the long term?
A: The Secretariat for the Economy stated that future financial sustainability will depend on ongoing performance, as the 2024 result included extraordinary accounting effects and a one-time increase in donations.
This is a summary of the article from https://ewtnvatican.com/articles/holy-see-2024-financial-surplus. Visit this link to view more.The Holy See closed the 2024 fiscal year with a surplus of $1.86 million
