VATICAN: DEFICIT OF NINE MILLION EUROS FOR THE HOLY SEE IN 2007

Income amounting to 236,737,207 euros and expenditure to 245,805,167 euros: those are the figures of the consolidated financial statements of the Holy See for 2007, communicated this morning by the Vatican Press Room. The deficit was 9,067,960 euros, while in the last three financial years (2004, 2005 and 2006) there had been positive results by 15,206,587 euros. The institutional activities (Secretariat of State, ministries, congregations, papal councils, and so on) absorbed 125.4 million euros, while financial activities produced a surplus of 1.4 million euros, in comparison with 13.7 million in 2006 (the decrease was mainly due to the dollar decrease). The result of the real estate sector was positive, on the other hand, by 36.3 million euros. The result of the media sector was in the red by 14.6 million (Radio Vaticana and "Osservatore"), while sectors as typography (+ 1 million), the TV Centre (+ 459 thousand euros) and bookshop (+ 1.6 million) generated surpluses. The employees of the Roman Curia are 2748, while those of the Governorship 1795. In the year 2007, 146 people were engaged. Among the most positive items, there was the increasing flow of visitors to Vatican Museums, amounting to 4.3 million. The "Peter’s Pence" achieved 79.8 million dollars: the major donors were the United States (28.29%), Italy (13.04%), and Germany (6.08%). As for diocese contributions, Germany is in the lead with 31.57%, followed by the United States with 28.31% and Italy with 18.90%.