The Vatican is using donations for the poor to fight its budget deficit, report says

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The Vatican is using donations for the poor to fight its budget deficit, report says
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As little as 10% of donations by Roman Catholics that are specifically advertised as helping the poor and suffering actually go toward charitable work, The Wall Street Journal reported.

, citing sources familiar with the spending.

A spokesman for the Vatican's mission to the United Nations did not immediately respond to a request for comment from CNBC about the Journal's report. The article noted that under church law, a pope can use Peter's Pence in any manner that serves his ministry.

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