Vatican closes 2020 with shortfall better than previously forecast

St Peter’s Square (AP)

The Vatican closed out 2020 with a deficit of 66.3 million euro (£56.7 million), which was better than projected and even lower than pre-pandemic 2019, figures show.

The Vatican’s economy minister, the Rev Juan Antonio Guerrero Alves, credited lower spending and a milder-than-expected drop in revenues for the results.