Before the Coronavirus outbreak and its economic fallout, the Vatican was already running a budget deficit ($77 million in 2018) caused by rising wage costs, chronic inefficiencies and decreased investment income. It's now drawing on emergency funds
ncregister.com
Vatican Reels Under Coronavirus’ Economic Storm
A seagull flies near the Vatican’s St. Peter’s Basilica on April 23 during Italy’s lockdown aimed at curbing the spread of the COVID-19 infection, caused …