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Pope Leo XIV Restructures Vatican Finances Amid Budget Surplus

12/5/2025

Summary

Story summary

Pope Leo XIV dissolved the Commission on Donations for the Holy See, which Pope Francis had established to address financial gaps.
The decree transfers collected funds to the Vatican's general accounting office and establishes a plan for a new fundraising group.
The Vatican reported a budget surplus in November, but faces liabilities, notably a €631 million pension fund.
Cuts to the €40 million budget for media operations are anticipated as financial pressures mount.

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Story summary

Pope Leo XIV dissolved the Commission on Donations for the Holy See, which Pope Francis had established to address financial gaps.
The decree transfers collected funds to the Vatican's general accounting office and establishes a plan for a new fundraising group.
The Vatican reported a budget surplus in November, but faces liabilities, notably a €631 million pension fund.
Cuts to the €40 million budget for media operations are anticipated as financial pressures mount.