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Holy See Posts 2024 Surplus as Structural Deficit Halves

Officials caution the improvement rests on one‑off gains, urging prudence.

Overview

  • The Secretariat for the Economy published consolidated accounts showing a €1.6 million surplus, marking a turnaround after years of deficits.
  • The structural operating gap narrowed to €44.4 million from €83.5 million as revenues rose by about €79 million, led by higher donations and hospital activity with expenses kept in check.
  • Financial operations contributed €46 million through capital gains tied to an investment portfolio reallocation guided by the Investment Committee, a result not expected to repeat at the same scale.
  • Spending on the Apostolic Mission and Pontifical Funds reached €393.29 million excluding hospitals, with 83% concentrated in five priority areas and 37% directed to supporting local Churches in difficulty.
  • Prefect Maximino Caballero Ledo calls for revenue diversification, disciplined cost control, and continued governance reforms to secure long‑term financial sustainability.