Vatican’s $60 Million Deficit Revealed Amid New Fundraising Push by Pope Leo XIV

The Vatican is once again in the spotlight—not for spiritual guidance, but for its dangerously deep financial troubles. Under the leadership of Pope Leo XIV, the Holy See has openly acknowledged a structural deficit ranging from $57 million to $68 million. In response, this American-born pontiff has initiated a high-profile fundraising campaign urging Catholics worldwide to bail out the Vatican’s crumbling finances.Marking the Feast of Saints Peter and Paul on July 29, Pope Leo XIV celebrated Mass at St. Peter’s Basilica and used the occasion to appeal directly to donors. The Vatican's Peter’s Pence collection—traditionally meant to support papal charity—is...