The Vatican, which collects over $55 million every year through the Peter’s Pence fund, has spent a considerable amount of the donations on balancing its budget instead of charitable works—according to a new report by lisettevoytko
reported Monday that the Vatican, which collects over $55 million every year through the Peter’s Pence fund, has spent a considerable amount of the donations on balancing its budget instead of charitable works.JournalAs little as 10% of the fund’s annual donations have been used for charity, which could raise concerns among donors about how their money is being used.
Meanwhile, the Vatican has been contending with a growing budget deficit, mired in a scandal involving obscure London real estate investments and, in November, was suspended from a network of anti-money-laundering watchdogs.
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