Vatican ‘on the brink of Bankruptcy’ due to decline in global donations

The Vatican faces a severe financial crisis, with a 2023 deficit of $87 million, exacerbated by declining donations, reduced tourism, and falling gold investments.

Critics partly blame Pope Francis, citing his progressive policies on issues like climate change and family values, which have alienated conservative Catholics.

The crisis threatens pensions for retired clergy and staff, the Irish Star has reported.

read more: https://www.irishstar.com/news/us-news/vatican-bankruptcy-pope-policies-donations-34332242

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